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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 ]
There are several government healthcare programs for low-income individuals. Medicaid and CHIP are for low-income adults and children. The Health Insurance Marketplace of the Affordable Care Act ...
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.
President Reagan had requested the consolidation of 85 existing anti-poverty grants into seven categorical grants; Congress agreed to consolidate 77 grants into nine. The nine new block grants were budgeted about 25% less than the programs they replaced (Conlan, qtd. in [2]). The CSBG legislation was amended in 1998 by the Coats Human Services ...
The United States federal earned income tax credit or earned income credit (EITC or EIC) is a refundable tax credit for low- to moderate-income working individuals and couples, particularly those with children. The amount of EITC benefit depends on a recipient's income and number of children. Low-income adults with no children are eligible. [1]
Specifically, the bill “directs the Internal Revenue Service (IRS) to establish a Community Volunteer Income Tax Assistance Matching Grant Program to provide matching funds for the development, expansion, or continuation of tax preparation programs to assist low-income taxpayers and members of under-served populations.”
Pathways Out of Poverty is administered by the United States Department of Labor’s Employment and Training Administration.Roughly $150 million is authorized by the ARRA and is granted in amounts from $2 million-$8 million to eight national and 30 local entities for the provision of training and placement services in order “to provide pathways out of poverty and into employment.” [2] The ...
Brazilian Finance Minister Fernando Haddad presented measures from a credit package that will include microcredit for low-income individuals as part of the next steps in the ministry's "structural ...