Tax Incentives for Affordable Housing: The Low Income Housing Tax Credit | Zendy

Mihir Desai | Zendy; Dhammika Dharmapala | Zendy; Monica Singhal | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

Tax Incentives for Affordable Housing: The Low Income Housing Tax Credit

Author(s) -

Mihir Desai,

Dhammika Dharmapala,

Monica Singhal

Publication year - 2010

Publication title -

tax policy and the economy

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.5

H-Index - 13

eISSN - 1537-2650

pISSN - 0892-8649

DOI - 10.1086/649832

Subject(s) - tax credit , repeal , state income tax , economics , earned income tax credit , tax reform , incentive , public economics , tax incentive , ad valorem tax , rental housing , renting , affordable housing , business , finance , microeconomics , economic growth , political science , law

The Low Income Housing Tax Credit (LIHTC) represents a novel tax expenditure program that employs "investable" tax credits to spur production of low-income rental housing. While it has grown into the largest source of new affordable housing in the U.S. and its structure is now being replicated in other programs, the LIHTC has also drawn skepticism and calls for its repeal. We provide estimates of tax expenditures under this program and discuss pricing, efficiency, and distributional effects of the program. We also consider the impacts of the recent financial crisis on the LIHTC program and explore implications of resulting policy changes and proposals.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research