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TaxCreditRents

How do owners and developers figure out the rent?

Low Income Housing Tax Credits are a primary tool for developers to create 'affordable' housing. 

Affordable may be in the eye of the beholder

Here's the way they are figured
WASHINGTON, D.C. - March 26, 2012 - The Internal Revenue Service (IRS) today released its 2012 Calendar Year Resident Population Estimates. These figures are used to determine states' 2012 low-income housing tax credit (LIHTC) ceilings and tax-exempt private activity bond caps. Each state's LIHTC ceiling in 2012 is equal to the greater of $2.20 multiplied by the state population or $2,525,000; a state's tax-exempt bond volume cap will be the greater of $95 multiplied by the state population or $284,560,000. Notice 2012-22 includes the population estimates for each state, territory and insular area.

Notice 12-22 is attached below

 What are the issues?

Exclusion of Voucher Households?




Notes & Links


Ċ
Spencer Wells,
Mar 27, 2012, 4:52 AM
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