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 80/20 program uses the Low-Income Housing Tax Credit (LIHTC) along with bond sales to finance housing projects. [ 3 ] This program encourages the creation diversified income projects while also allowing granting developers funds at lower interest rates. [ 4 ]
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. [34] This means that LIHTC projects do not tend to lead to increased segregation, even in areas with elevated poverty levels.
National Equity Fund, Inc. was founded by the Local Initiatives Support Corporation to be one of the first LIHTC syndicators, following the creation of LIHTC in the Tax Reform Act of 1986. LIHTC provides investors in affordable housing a dollar-for-dollar reduction in federal taxes in exchange for equity in new or refurbished affordable housing ...
Income level or price defined as "affordable," and buyer qualification methods. Most ordinances seem to target inclusionary units to low- or moderate-income households which earn approximately the regional median income or somewhat below. Inclusionary housing typically does not create housing for those with very low incomes.
An urban area can be defined by one or more of the following: administrative criteria or political boundaries (e.g., area within the jurisdiction of a municipality or town committee), a threshold population size (where the minimum for an urban settlement is typically in the region of 2,000 people, although this varies globally between 200 and ...
The housing shortage in many metropolitan areas, coupled with racial residential segregation, has led to increased public focus and political debates on zoning laws. [ 11 ] [ 12 ] Studies indicate that strict zoning regulations constrain the supply of housing and inflate housing prices, increase homelessness, and contribute to inequality, a ...
Linguistics is the scientific study of language. [1] [2] [3] The areas of linguistic analysis are syntax (rules governing the structure of sentences), semantics (meaning), morphology (structure of words), phonetics (speech sounds and equivalent gestures in sign languages), phonology (the abstract sound system of a particular language, and analogous systems of sign languages), and pragmatics ...