Suchergebnisse

Combining in-depth academic enquiry with practical experience gained from public sector physical planning as well as private sector property development, the author analyses and identifies urban low-income housing policy failures in Zimbabwe and provides a foundation for an effective and viable policy based on local experience. (DÜI-Hff)

AbstractEvidence from evaluation of low‐income housing assistance programs in this country indicates that: those which use existing housing are less expensive than those which require new housing construction, but existing housing programs do not reach people in the worst housing. Program effects are relatively small, except for people who are induced to change their housing, and the effect for others is primarily to reduce their rent burden.

Housing affordability is a serious problem, but state and local regulatory reform is the solution, not federal tax subsidies.

AbstractCentral issues in evaluating the Low‐Income Housing Tax Credit are cost‐effectiveness as the program stands; whether it adds to the supply of affordable housing; whether development costs of tax credit projects are reasonable relative to private, unsubsidized housing development; whether alternative means of achieving the objectives would be more efficient or be better targeted to lower‐income households; and the feasibility of replacing the program with a directly budgeted subsidy. Methodological requirements for the evaluation include developing clear relationships among government costs, transaction costs, investor returns, and net equity provided to a project.

This report discusses the low-income housing tax credit (LIHTC) program, which is one of the federal government's primary policy tools for encouraging the development and rehabilitation of affordable rental housing. These non-refundable federal housing tax credits are awarded to developers of qualified rental projects via a competitive application process administered by state housing finance authorities.