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Report on Georgia State LIHTC Measures Financial Costs of Incentive

Monday, June 13, 2022 - 9:00AM

An evaluation of the Georgia state low-income housing tax credit (LIHTC) concludes that the state incentive costs Georgia $362.2 million per year, absent the “but for” analysis of development. Tax Incentive Evaluation: Georgia Low-Income Housing Tax Credit, by Georgia State University Fiscal Research Center, examines the state and federal LIHTC, other affordable housing programs and their benefit to the public. The report concludes that the federal LIHTC has a much larger positive economic impact on the state and that 25% of LIHTC units placed in service since the enactment of the incentive in 2000 are attributable to the state credit.

The Novogradac Introduction to Low-Income Housing Tax Credits booklet provides a brief but substantive look into the LIHTC, including how state and federal credits interact.

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