PPT-UNDERSTANDING Low Income housing Tax Credit (LIHTC)

AFFORDABLE HOUSING Presented October 27 2018 Natalie Minev Staff Attorney Legal Aid Foundation of Los Angeles TOPICS FOR DISCUSSION Quick Facts What is LIHTC Why was it created How does it work . TOTAL Expenses A Brief Description of the . Low Income Housing Tax Credit . In the beginning:. The program was born in 1986 out of the changes in the tax code under Ronald Reagan.. Prior to 1986 investors in real estate could accelerate the depreciation schedule to increase tax losses.. Mary B Pearson, CPA. Assistant Professor of Accounting. Topics Discussed:. New Income Tax Legislation . Income Tax Brackets. Capital Gain Rates. Investment & Medicare Tax. Same Sex Marriage Filing. Brian Peters. Housing Policy Advocate, Independence. First. About the Presenter. Housing Policy Advocate at . Independence. First. , . a non-profit Center for Independent Living serving people with disabilities in 4-county Milwaukee metro area. Beyond the Basics. @dozcpa. Outline. Credit Period versus Extended use period. Calculation of Low Income Housing Tax Credits. Tenant File Qualification. Upward and downward adjusters. Section 42 Recapture. Low Income Housing Tax Credit . In the beginning:. The program was born in 1986 out of the changes in the tax code under Ronald Reagan.. Prior to 1986 investors in real estate could accelerate the depreciation schedule to increase tax losses.. New for Tax Year 2017 . Steve . Asbell. Colorado Department of Revenue. Subtractions From Income. Agricultural asset subtraction. . For beginning farmers. Up to $25,000.. . Certified by the Colorado Agriculture . Presented by . Chris Paul and Karyntha Cadogan. Diamond and Associates. June 27, 2018. LIHTC BASICS: Context pre-1986. Since the 1930s, funding for affordable housing has varied, a function of fiscal and political policy. GOals. Discuss various types of housing, related terminology and financing paths.. Discuss Housing needs in Manistee. . Discuss what other communities are doing.. Discuss various types of housing, related terminology and financing paths. Salish & Kootenai Housing Authority. Rocki Davis, . Program Compliance/Development Coordinator. And. Nicole Antoine, . Homeownership Coordinator. Felsman Addition. Constructed in 1998 using Housing Tax Credits. 1 What is a Private Activity Bondincome persons by providing the developers of than interest bearing government orr to make scheduled principal and interest payments to the investor l amount of the l OLID GROUND RESEARCH REPORTThe Low-Income Housing Tax CreditHow It Works and Who It ServesCorianne Payton Scally Amanda Gold Nicole DuBoisJuly 2018 ABOUT THE URBAN INSTITUTE The nonprofit Urban Instit x0000x0000 2 Message Fromthe Assistant Secretary t is my pleasure to present this report Understanding Whom the LIHTC Program Serves Tenants in LIHTC Units as of December 31 201The LIHTC is a critical Elena Delavega, PhD, MSW. University of Memphis. iIMPACT. Summit . April 7, 2022. Learning Objectives: .  . Participants will understand the Earned Income Tax Credit’s role in reducing poverty. .