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New Challenges to Segregation in the Low Income Housing Tax Credit Program
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Poverty & Race
- Article date:
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May 1, 2008
- Author:
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Copyright informationCopyright Poverty & Race Research Action Council May/Jun 2008. Provided by ProQuest LLC. (Hide copyright information)
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A federal lawsuit against the Texas Department of Housing and Community Affairs and a rulemaking petition to the Internal Revenue Service are the latest efforts to bring the LIHTC Program into compliance with the Fair Housing Act.
The Low Income Housing Tax Credit Program is currently the nation's largest assisted housing production program. Each year, the IRS allocates authorized tax credits under the program to state housing finance agencies, which then receive proposals from developers to use the credits to finance local development projects, which typically include a significant number of lowand moderate-income housing units.
Unfortunately, the program has operated with little civil ...
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