Overview and proposed reforms of the low-income housing tax credit program

Michael Eriksen and Bree Lang

Regional Science and Urban Economics, 2020, vol. 80, issue C

Abstract: •The Low-Income Housing Tax Credit (LIHTC) cost US taxpayers $8.4 billion in 2017.•The LIHTC subsidizes up to 103% of non-land development cost of rent-restricted units.•States receive equal per-capita allocations regardless of whether housing is affordable.•Future allocations should be made refundable and targeted to markets with greatest need.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eee:regeco:v:80:y:2020:i:c:s0166046217302508

DOI: 10.1016/j.regsciurbeco.2018.07.002

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