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The Low Income Housing Tax Credit Pr...

Yaroni, Allon.

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The Low Income Housing Tax Credit Program: Issues of allocations and locations.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	The Low Income Housing Tax Credit Program: Issues of allocations and locations./
Author:	Yaroni, Allon.
Description:	164 p.
Notes:	Source: Dissertation Abstracts International, Volume: 71-10, Section: A, page: 3814.
Contained By:	Dissertation Abstracts International71-10A.
Subject:	Area Planning and Development. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3425223
ISBN:	9781124258263

The Low Income Housing Tax Credit Program: Issues of allocations and locations.
Yaroni, Allon.

The Low Income Housing Tax Credit Program: Issues of allocations and locations. - 164 p.

Source: Dissertation Abstracts International, Volume: 71-10, Section: A, page: 3814.

Thesis (Ph.D.)--New York University, 2010.

The location of subsidized housing not only determines where households can get housing assistance but also shapes the extent to which low-income households can connect to jobs and other social and economic opportunities. Although the Low-Income Housing Tax Credit Program (LIHTC) is the largest federal housing production program and the most important source of subsidy for the construction of affordable housing, little is known about the location characteristics of the housing developments funded by the program. Given the importance of spatial distribution of affordable rental housing, this dissertation investigates the allocation and location patterns of the LIHTC.

ISBN: 9781124258263Subjects--Topical Terms:

1671542
Area Planning and Development.

The Low Income Housing Tax Credit Program: Issues of allocations and locations.
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245 1 4 $a The Low Income Housing Tax Credit Program: Issues of allocations and locations.
300 $a 164 p.
500 $a Source: Dissertation Abstracts International, Volume: 71-10, Section: A, page: 3814.
500 $a Adviser: Ingrid Gould Ellen.
502 $a Thesis (Ph.D.)--New York University, 2010.
520 $a The location of subsidized housing not only determines where households can get housing assistance but also shapes the extent to which low-income households can connect to jobs and other social and economic opportunities. Although the Low-Income Housing Tax Credit Program (LIHTC) is the largest federal housing production program and the most important source of subsidy for the construction of affordable housing, little is known about the location characteristics of the housing developments funded by the program. Given the importance of spatial distribution of affordable rental housing, this dissertation investigates the allocation and location patterns of the LIHTC.
520 $a The study finds that the current population-based allocation of housing assistance provides most of the states with funding higher than or proportional to their share of affordable housing needs. Although the share of LIHTC funds is smaller than the share of affordable housing needs in only 12 states, these states account for over 45 percent of the national affordable housing needs.
520 $a The study also finds that the LIHTC housing units tend to expose their residents to higher rates of poverty and concentration of minorities compared to Section 8 Voucher holders and to be located in neighborhoods with higher than average poverty. The multivariate analysis further suggests that, after controlling for other neighborhood characteristics, race/ethnicity and poverty remained significantly associated with the location of LIHTC developments.
520 $a Despite the increase in the activity of non-profit housing organizations in the LIHTC program, only about 20 percent of the housing units funded by the program were constructed by non-profit developers. The study finds that for-profit--more so than non-profit--LIHTC developments tend to be located in neighborhoods with lower poverty rates and lower shares of minorities. However, the analysis further suggests that while the strength of association between race/ethnicity and the siting of non-profit rather than for-profit LIHTC housing units decrease over time, the importance of neighborhood poverty levels seem to increase. Meanwhile, a comparison of the location characteristics of non-profit and for-profit housing units in competitive real estate markets suggests that such markets contribute to some convergence between the two sectors in terms of their location.
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