Low-Income Houseing Tax Credits: Agencies Implemented Changes Enacted in 2008, but Project Data Collection Could Be Improved |
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| Author:
| Government Accountability Office, Government Accountability |
| ISBN: | 978-1-4935-2075-6 |
| Publication Date: | Oct 2013 |
| Publisher: | CreateSpace Independent Publishing Platform
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| Book Format: | Paperback |
| List Price: | USD $14.99 |
Book Description:
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IRS and state HFAs administer the LIHTC program, the largest source of federal assistance for developing affordable rental housing. HFAs are allocated tax credits on a per capita basis and award them to developers. By acquiring project equity from developers, investors may become eligible for the credits, which offset federal tax liabilities.
IRS and state HFAs administer the LIHTC program, the largest source of federal assistance for developing affordable rental housing. HFAs are allocated tax credits on a per capita basis and award them to developers. By acquiring project equity from developers, investors may become eligible for the credits, which offset federal tax liabilities.