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The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
If housing is too expensive, policymakers must address the issues driving up costs. The Low-Income Housing Tax Credit, like so many other policies, merely throws taxpayer money at the problem. It ...
Alief Independent School District, also known as Alief ISD, is a school district that is based in southwest Houston, Texas, United States. The district is one of the largest school districts in the state and one of the largest school districts in the United States. [4][5] Alief ISD is the most ethnically high-performing diverse school district ...
The Tax Credit Assistance Program (TCAP) is a Federal housing grant program administered by HUD which assists Low Income Housing Tax Credit (LIHTC) projects funded during 2007, 2008 and 2009. The TCAP program is part of the American Recovery and Reinvestment Act which was signed by President Obama on February 17, 2009. The program is designed ...
In terms of benefits of the LIHTC program, a 2011 analysis published in the Housing Policy Debate journal found that increases in the use of tax credits are linked to reductions in racial segregation in metropolitan areas. [34] This means that LIHTC projects do not tend to lead to increased segregation, even in areas with elevated poverty levels.
Alief Elsik High School is a high school in the Alief region of Houston, Texas, United States. Elsik is divided into two campuses: the main campus (12601 High Star in Houston, zip code 77072), and the Alief Elsik Ninth Grade Center (located at 6767 South Dairy Ashford, city of Houston, 77072), which serves ninth graders.
Since 1987, the Low Income Housing Tax Credit has become the most important resource for creating affordable housing in the United States, responsible for more than three million units of affordable housing. [4] NEF has invested over $16.75 billion in 2,494 housing developments, creating 158,907 affordable homes since its founding in 1987.
Jyesha Johnson. September 18, 2024 at 10:15 AM. ALIEF, Texas - A student at Elsik High School was allegedly found in possession of a kitchen knife this morning. In response to the situation, the ...