Ads
related to: affordable housing tax credit training
Search results
Results From The WOW.Com Content Network
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
The Initiative's mission is to recruit and train veterans of the US armed services for careers in housing management, with an emphasis on affordable housing. [4] NCHM has pledged $1,000,000 in training and certification scholarships for veterans not currently employed in the housing industry.
The Tax Credit Assistance Program (TCAP) is a Federal housing grant program administered by HUD which assists Low Income Housing Tax Credit (LIHTC) projects funded during 2007, 2008 and 2009. The TCAP program is part of the American Recovery and Reinvestment Act which was signed by President Obama on February 17, 2009.
The president wants to increase the number of tax credits available for low-income housing developers and approve a $20 billion innovation fund for affordable housing expansion.
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 ...
A tax credit directly reduces your tax liability on a dollar-for-dollar basis. ... is designed to assist low-income taxpayers with or without children. ... along with any that provide job training ...
Four prospective affordable housing developments in Fort Worth have received $2 million each in tax credits from the state’s public housing authority. The grants, announced Thursday, provide a ...
LISC was an early advocate for the Low-Income Housing Tax Credit (LIHTC), which created by the Reagan Administration in the Tax Reform Act of 1986. In 1987, LISC launched the National Equity Fund (NEF) to syndicate LIHTC, raising $14.5 million in the first year. [15]