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The House tax bill nominally preserves the Low Income Housing Tax Credit, a $9 billion subsidy for the rehabilitation and construction of affordable housing.
(7) Purchasing low-income housing tax credits.
He proposed affordable housing tax incentives.
The British experience teaches another lesson besides the feasibility of a fairer approach to housing tax.
The looming expiration of the government's housing tax credit pushed them into action.
October was better and will also likely be buoyed by housing tax credit activity.
Similar(11)
THERE was always some concern that the Obama administration's attempts to prop up the housing market with a generous housing-tax credit could end badly.
The second phase would be financed by tax-exempt bonds from the state and low-income-housing tax credits.
And it is being heavily subsidized, mostly through federal low-income-housing tax credits and additional incentives.
These developments depend heavily on low-income-housing tax credits, which provide the equity that makes the difference between whether a project gets built or not.
Take the federal Low-Income Housing Tax createdprogram (created under President Reagan) that offers tax credits to developers of affordable housing units.
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