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Housing: Low-Income Housing Tax Credit Utilization and Syndication: T-Rced-90-73

by U. S. Government Accountability Office (
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Current price ₹1,428.00
Original price ₹1,544.00
Original price ₹1,544.00
Original price ₹1,544.00
(-8%)
₹1,428.00
Current price ₹1,428.00

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Book cover type: Paperback
  • ISBN13: 9781289009786
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Bibliogov
  • Publisher Imprint: Bibliogov
  • Publication Date:
  • Pages: 28
  • Original Price: USD 15.75
  • Language: English
  • Edition: N/A
  • Item Weight: 68 grams
  • BISAC Subject(s): General

GAO discussed low-income housing tax credit utilization and syndication. GAO found that: (1) tax credits are intended to induce investors to supply equity for low-income housing; (2) tax credit use increased from 20 percent in 1987 to 98 percent in 1989; (3) by the end of 1989, about $565 million worth of initial-year credits were awarded for the development of 236,000 low-income housing units; (4) the credit program represents the federal government's primary subsidy for encouraging low-income housing production; (5) most tax credit syndications have been conducted as public offerings, with limited partnership interests in tax-credit-eligible projects being sold to individual investors; and (6) many syndications are being conducted as direct placement, usually to corporate investors.

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