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What Should Be the Future of the Low-Income Housing Tax Credit Program?
McClure, Kirk
Housing policy debate, 2019-01, Vol.29 (1), p.65-81
[Periódico revisado por pares]
Abingdon: Routledge
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Título:
What Should Be the Future of the Low-Income Housing Tax Credit Program?
Autor:
McClure, Kirk
Assuntos:
Affordable housing
;
Credit
;
Development/revitalization
;
Ethnic groups
;
Households
;
Housing
;
Housing authorities
;
Housing market
;
Housing subsidies
;
Income
;
Income taxes
;
Low income groups
;
Low income housing credit
;
low-income housing
;
Market analysis
;
Markets
;
Metropolitan areas
;
Minority & ethnic groups
;
Minority groups
;
Poverty
;
Public housing
;
rental housing
;
Rentals
;
State court decisions
;
Stock exchanges
;
tax credit
;
Tax credits
;
Taxation
;
vacancy rates
;
Vouchers
É parte de:
Housing policy debate, 2019-01, Vol.29 (1), p.65-81
Descrição:
This research examines the Low-Income Housing Tax Credit (LIHTC) developments in metropolitan areas nationwide. The results indicate that the LIHTC program contributes to the spatial concentration of poverty as well as of racial and ethnic minorities. The program is not promoting mixed-income housing. The program is serving an income category with very little need for additional units and is not serving those with a need. Finally, the program is increasing the rental housing stock in soft markets and failing to increase the supply in tight ones. It is recommended that states adopt allocation standards that would deconcentrate poverty and affirmatively further fair housing. The benefits of the program should be reconfigured to promote mixed-income housing. The LIHTC program should permit states to exchange tax-credit authority for vouchers, to better serve the poorest households. The program should exercise greater rigor in market analysis so that new units are added only in tight markets and deteriorated units are rehabilitated elsewhere.
Editor:
Abingdon: Routledge
Idioma:
Inglês
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