An Introduction to the Design of the Low-Income Housing Tax Credit

Keightley, Mark P.

Library of Congress. Congressional Research Service.

关键词: Housing;    Tax credits;    Low-income housing;    Taxation;    Welfare;   

RP-ID  :  RS22389
RP-ID  :  RS22389_2008Jun20

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report discusses the Low-Income Housing Tax Credit (LIHTC), which is a federal provision that reduces the income tax liability of taxpayers claiming the credit. These taxpayers are typically investors in real estate development projects that have traded cash for the tax credits to support the production of affordable housing. The credit is intended to lower the financing costs of housing developments so that the rental prices of units can be lower than market rates, and thus, presumably, affordable.