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

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

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Title: Tax Incentives for Affordable Housing: The Low Income Housing Tax Credit
Author: Desai, Mihir A.; Dharmapala, Dhammika; Singhal, Monica

Note: Order does not necessarily reflect citation order of authors.

Citation: Desai, Mihir, Dhammika Dharmapala, and Monica Singhal. "Tax Incentives for Affordable Housing: The Low Income Housing Tax Credit." Tax Policy and the Economy 24.1 (2010): 181-205.
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Abstract: 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.
Published Version: http://dx.doi.org/10.3386/w14149
Terms of Use: This article is made available under the terms and conditions applicable to Other Posted Material, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#LAA
Citable link to this page: http://nrs.harvard.edu/urn-3:HUL.InstRepos:10611680
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