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  2. Illinois Housing Development Authority - Wikipedia

    en.wikipedia.org/wiki/Illinois_Housing...

    As of 2022, the IHDA derives its standing from the Illinois Housing Development Act, enacted in 1967. The Authority's original mission statement called for it to provide decent, safe, and sanitary housing to persons of low and moderate income.

  3. Low-Income Housing Tax Credit - Wikipedia

    en.wikipedia.org/wiki/Low-Income_Housing_Tax_Credit

    The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.

  4. Section 8 (housing) - Wikipedia

    en.wikipedia.org/wiki/Section_8_(housing)

    In the 1970s, when studies showed that the worst housing problem afflicting low-income people was no longer substandard housing, but the high percentage of income spent on housing, Congress passed the Housing and Community Development Act of 1974, further amending the U.S. Housing Act of 1937 to create the Section 8 Program. In the Section 8 ...

  5. Low-Income Housing Tax Credit: a flawed, ineffective policy ...

    www.aol.com/low-income-housing-tax-credit...

    Housing is a big issue right now, with a lot of strong opinions. But there’s one particular housing program that most experts agree fails to deliver: the Low-Income Housing Tax Credit, known as ...

  6. Subsidized housing in the United States - Wikipedia

    en.wikipedia.org/wiki/Subsidized_housing_in_the...

    The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...

  7. Tax Credit Assistance Program - Wikipedia

    en.wikipedia.org/wiki/Tax_Credit_Assistance_Program

    The Tax Credit Assistance Program (TCAP) is a Federal housing grant program administered by HUD which assists Low Income Housing Tax Credit (LIHTC) projects funded during 2007, 2008 and 2009. The TCAP program is part of the American Recovery and Reinvestment Act which was signed by President Obama on February 17, 2009.

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