Low-Income Housing Tax Credits
GPTKB entity
Statements (41)
| 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 |
investors in affordable housing projects
|
| gptkbp:compatibleWith |
commercial properties
owner-occupied housing |
| gptkbp:complianceMonitoring |
state housing agencies
|
| gptkbp:compliancePeriod |
15 years
|
| gptkbp:complianceRequirement |
maintain affordability
rent restrictions income restrictions |
| gptkbp:country |
gptkb:United_States
|
| gptkbp:duration |
10 years
|
| gptkbp:effect |
increase affordable housing supply
leverage private investment reduce tax liability for investors |
| gptkbp:enactedBy |
gptkb:Tax_Reform_Act_of_1986
|
| gptkbp:fundedBy |
tax credit syndication
|
| https://www.w3.org/2000/01/rdf-schema#label |
Low-Income Housing Tax Credits
|
| gptkbp:investedIn |
corporations
individuals |
| gptkbp:notableProject |
multi-family rental housing
single-family rental housing |
| gptkbp:purpose |
encourage investment in affordable rental housing
|
| gptkbp:recaptureRisk |
non-compliance with program rules
|
| gptkbp:relatedTo |
gptkb:public_policy
gptkb:affordable_housing gptkb:Historic_Rehabilitation_Tax_Credit gptkb:New_Markets_Tax_Credit housing finance |
| gptkbp:statutoryReference |
gptkb:Internal_Revenue_Code_Section_42
|
| gptkbp:targetAudience |
low-income households
|
| gptkbp:type |
federal tax incentive
|
| gptkbp:usedFor |
new construction
acquisition of existing housing rehabilitation of existing housing |
| gptkbp:website |
https://www.irs.gov/businesses/small-businesses-self-employed/low-income-housing-credit
|
| gptkbp:bfsParent |
gptkb:Public_Housing_Authorities
|
| gptkbp:bfsLayer |
6
|