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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.
LISC was an early advocate for the Low-Income Housing Tax Credit (LIHTC), which created by the Reagan Administration in the Tax Reform Act of 1986. In 1987, LISC launched the National Equity Fund (NEF) to syndicate LIHTC, raising $14.5 million in the first year. [15]
Administration for Children and Families logo. The Low Income Home Energy Assistance Program (LIHEAP, pronounced "lie" "heap") is a United States federal social services program first established in 1981 and funded annually through Congressional appropriations.
Women who work full-time are paid about 83.7 percent of a man’s salary, resulting in a $10,000 difference per year — a gap that only widens for women of color and women with disabilities.
In terms of benefits of the LIHTC program, a 2011 analysis published in the Housing Policy Debate journal found that increases in the use of tax credits are linked to reductions in racial segregation in metropolitan areas. [39] This means that LIHTC projects do not tend to lead to increased segregation, even in areas with elevated poverty levels.
Key takeaways. Women and minorities faced credit discrimination for decades. The Equal Credit Opportunity Act of 1974 made it easier for both groups to obtain credit cards and loans.
particularly a woman --- was reason for staring and pointing. We started to train and, although we’d been in the habit of jogging a couple of miles several days a week, we were told we needed a new regime that would work us up to over 50 miles a week in the last month before the marathon. Gradually we began to lengthen our pre-work
In 2023, more than five million Americans 12 and older reported a "prescription use disorder" within the past year, according to the Centers for Disease Control and Prevention (CDC).