What is the low income housing tax credit?

Answer The Tax Reform Act of 1986 created the low income housing tax credit for businesses involved in projects that provide housing for low to moderate income families in the United States.FunctionThe pu... Read More »

Top Q&A For: What is the low income housing tax credit

How much is the low income housing credit?

The Low Income Housing Tax Credit has no set value. The amount of the credit depends on the cost of developing the dwelling, according to Danter Company. Projects not funded with a federal subsidy ... Read More »

What Are Advantages of Low Income Housing Tax Credits for Housing Developers?

Many builders and housing developers take advantage of the Low Income Housing Tax Credits (LIHTC) program. This program functions as an indirect federal subsidy for affordable housing. The LIHTC pr... Read More »

What is low income housing?

Low-income housing refers to dwellings subsidized or paid for by state and federal governments so people who earn low wages--typically below the mean or median wage for the area--can afford adequat... Read More »

What Is Low Income Public Housing?

According to the U.S. Dept. of Housing and Urban Development (HUD), public housing was developed to give eligible low income families, the elderly and the disabled safe, affordable homes. HUD notes... Read More »