Search results
Results from the WOW.Com Content Network
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.
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.
Later, it says "as much as 30 to 40% of all new multifamily construction has received a subsidy under the program." (Again, misleading wording. The LIHTC is hardly a "program" and doesn't "subsidize" anything. Well, indirectly, I guess. In general, the language throughout mischaracterizes what a tax credit is.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
The National Association of Home Builders has a specialized designation for the affordable housing industry through the Low Income Housing Tax Credit (LIHTC) program: Housing Credit Certified Professional (HCCP) In the UK: Association of Residential Managing Agents (ARMA, now The Property Institute, TPI)
A Texas woman is charged with murder after police say she fatally shot her husband, lit his truck on fire and fled the scene in a kayak. Bexar County, Texas officials found the body of Tomas ...
Rodgers is currently wrapping up his second season with the Jets, a tenure that has seen the team go 4-11 with him under center after he missed all of last year with a torn Achilles.
Maybe it was nerves for her first World Cup race back in nearly six years. Whatever it was, Lindsey Vonn took just a handful of gates this weekend to recover from a poor start and rediscover her ...