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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.
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.
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 ...
The Stellar Communities [2] program is a multi-agency partnership designed to fund comprehensive community development projects in Indiana's smaller communities. The Indiana Office of Community and Rural Affairs (OCRA), the Indiana Housing & Community Development Authority (IHCDA), [3] and the Indiana Department of Transportation (INDOT), along with the State Revolving Fund, are participating ...
The geography of Indiana comprises the physical features of the land and relative location of U.S. State of Indiana. Indiana is in the north-central United States and borders on Lake Michigan . Surrounding states are Michigan to the north and northeast, Illinois to the west, Kentucky to the south, and Ohio to the east.
Historically, the state was a swing state, voting for the national winner all but four times from 1816 to 1912, with the exceptions of 1824, 1836, 1848, and 1876. [9] Nonetheless, half of Indiana's governors in the 20th century were Democrats. Indiana has also elected several Democrats to the Senate in recent years.
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Indiana – a U.S. state, was admitted to the United States as the 19th state on December 11, 1816. It is located in the midwestern United States and Great Lakes Region of North America . With 6,483,802 residents, as of the 2010 U.S. Census, the state is ranked 15th in population and 16th in population density.