|
gptkbp:instanceOf
|
tax credit program
|
|
gptkbp:administeredBy
|
gptkb:Internal_Revenue_Service
|
|
gptkbp:allocationAgency
|
gptkb:state_housing_finance_agencies
|
|
gptkbp:annualAllocation
|
based on state population
|
|
gptkbp:benefit
|
tax credits for investors
|
|
gptkbp:complianceMonitoring
|
state agencies
|
|
gptkbp:compliancePeriod
|
15 years
|
|
gptkbp:country
|
gptkb:United_States
|
|
gptkbp:createdBy
|
gptkb:Tax_Reform_Act_of_1986
|
|
gptkbp:duration
|
10 years
|
|
gptkbp:eligibleProperties
|
rehabilitation
new construction
acquisition of existing buildings
|
|
gptkbp:fullName
|
gptkb:Low-Income_Housing_Tax_Credit
|
|
gptkbp:fundedBy
|
non-refundable tax credit
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
LIHTC
|
|
gptkbp:impact
|
largest source of affordable housing financing in the U.S.
|
|
gptkbp:investor
|
corporations
individuals
|
|
gptkbp:maximumLoanAmount
|
generally 50% or 60% of area median income
|
|
gptkbp:purpose
|
encourage private investment in affordable rental housing
|
|
gptkbp:targetAudience
|
low-income households
|
|
gptkbp:website
|
https://www.irs.gov/businesses/small-businesses-self-employed/low-income-housing-credit
|
|
gptkbp:bfsParent
|
gptkb:Low-Income_Housing_Tax_Credit
|
|
gptkbp:bfsLayer
|
5
|