Low-Income Houseing Tax Credits: Agencies Implemented Changes Enacted in 2008, but Project Data Collection Could Be Improved
||Government Accountability Office, Government Accountability|
|Publication Date:||Oct 2013|
| Publisher:||CreateSpace Independent Publishing Platform|
| Book Format:||Paperback|
|List Price:||USD $14.99|
| Book Description: |
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.