JOINT CENTER REPORT EXAMINES DISRUPTION OF LIHTC PROGRAM

Wednesday, January 6, 2010 - 1:30AM

There is cautious optimism that much delayed affordable rental housing production will occur in 2010, although more should be done to mitigate vulnerabilities in the low-income housing tax credit (LIHTC) program and address issues surrounding investor demand, according to a new report from Harvard University’s Joint Center for Housing Studies. A paper released this week, “The Disruption of the Low-Income Housing Tax Credit Program: Causes, Consequences, Responses, and Proposed Correctives,” examines the experience to date with two programs created by the Recovery Act — the Tax Credit Assistance Program (TCAP) and the Section 1602 program, which provides cash grants in lieu of LIHTCs. The report discusses the current situation and assesses several proposals for reform. Click here to download the paper from the Joint Center for Housing Studies.

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