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  2. Low-Income Housing Tax Credit - Wikipedia

    en.wikipedia.org/wiki/Low-Income_Housing_Tax_Credit

    t. e. The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States that awards tax credits to housing developers in exchange for agreeing to reserve a certain fraction of rent-restricted units for lower-income households. [1] The program was created under the Tax Reform Act of 1986 (TRA86) to incentivize the use of ...

  3. U.S. Treasury sets new tax credit rule to expand affordable ...

    www.aol.com/news/u-treasury-sets-tax-credit...

    Previously, projects qualifying for the tax credit, which can offset up to 70% of an affordable housing project's costs, needed to make at least 20% of the units available to residents earning 50% ...

  4. Subsidized housing in the United States - Wikipedia

    en.wikipedia.org/wiki/Subsidized_housing_in_the...

    The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...

  5. Development of non-profit housing in the United States

    en.wikipedia.org/wiki/Development_of_non-profit...

    4.1.1 Low-Income Housing Tax Credit. 4.1.2 Section 8. ... The federal government limits the amount of tax-exempt bonds a state can issue within a given year.

  6. This rule can promote affordable housing. But it risks ... - AOL

    www.aol.com/rule-promote-affordable-housing...

    The builders of Tehaleh, a development that will include up to 9,700 homes south of Bonney Lake, chose to pay a $768,588 fee instead of building the 711 low-income units that Pierce County ...

  7. Tax Reform Act of 1986 - Wikipedia

    en.wikipedia.org/wiki/Tax_Reform_Act_of_1986

    The Tax Reform Act of 1986 (TRA) was passed by the 99th United States Congress and signed into law by President Ronald Reagan on October 22, 1986. The Tax Reform Act of 1986 was the top domestic priority of President Reagan's second term. The act lowered federal income tax rates, decreasing the number of tax brackets and reducing the top tax ...

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