Low-Income Housing Tax Credit
GPTKB entity
Statements (33)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:tax_law
|
| gptkbp:abbreviation |
gptkb:LIHTC
|
| gptkbp:administeredBy |
gptkb:Internal_Revenue_Service
|
| gptkbp:allocates |
state housing agencies
|
| gptkbp:annualAllocation |
per capita basis by state
|
| gptkbp:benefit |
tax credits for investors
|
| gptkbp:compliancePeriod |
15 years
|
| gptkbp:complianceRequirement |
income restrictions for tenants
maintain affordability rent restrictions |
| gptkbp:country |
gptkb:United_States
|
| gptkbp:created |
1986
|
| gptkbp:duration |
10 years
|
| gptkbp:effect |
created millions of affordable rental units
increased affordable housing supply leveraged private investment |
| gptkbp:enactedBy |
gptkb:Tax_Reform_Act_of_1986
|
| https://www.w3.org/2000/01/rdf-schema#label |
Low-Income Housing Tax Credit
|
| gptkbp:investor |
corporations
individuals |
| gptkbp:purpose |
encourage investment in affordable rental housing
|
| gptkbp:relatedTo |
gptkb:Section_8
gptkb:Community_Development_Block_Grant gptkb:HOME_Investment_Partnerships_Program |
| gptkbp:statutoryReference |
gptkb:Internal_Revenue_Code_Section_42
|
| gptkbp:targetAudience |
low-income households
|
| gptkbp:type |
federal tax incentive
|
| gptkbp:usedFor |
acquisition of affordable rental housing
rehabilitation of affordable rental housing financing construction of affordable rental housing |
| gptkbp:website |
https://www.irs.gov/businesses/small-businesses-self-employed/low-income-housing-credit
|
| gptkbp:bfsParent |
gptkb:affordable_housing
|
| gptkbp:bfsLayer |
4
|