The Low-Income Housing Tax Credit Program The Fixed Subsidy and Variable Rate

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division

Language:

English

Subjects (All):

Construction industry.

Federal aid to housing.

Interest rates.

Tax incentives.

Physical Description:

1 online resource

Contained In:

ProQuest U.S. Congressional Research Digital Collection

Place of Publication:

[United States] [publisher not identified] 2013

Summary:

Explains original method for determining low-income housing tax credit (LIHTC) rate, which generates fixed subsidies for rehabilitated and new buildings. Explains relationship between interest rates and LIHTC subsidy, provides example, and covers P.L. 110-289, the Housing and Economic Recovery Act of 2008 (HERA), which temporarily changed LIHTC rate to not less than 9% for new construction placed in service before Dec. 31, 2013. Addresses extensions of HERA under P.L. 112- 240, the American Taxpayer Relief Act of 2012

Notes:

CRS Report

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed May 2014). Reuse except for individual research requires license from ProQuest, LLC

Vendor supplied data

Other Format:

Microfiche version Library of Congress. Government Division. Low-Income Housing Tax Credit Program

Publisher Number:

CRS-2013-GVF-0094

Access Restriction:

Restricted for use by site license