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 . 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.. 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. Update for February 8, 2017 Meeting. Monitor, Educate, Advocate – . Local, State and Federal Levels. Local Level: . Campaign Against Illegal Lockouts – STL. 1) It shall be unlawful for any landlord or other person, firm, partnership, corporation, or any other legal entity to collect rent from a tenant for a premises for the period that the tenant is or has been illegally evicted from the premises.. 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. Refinance, Recapitalize and . Redevelop: . Innovative Bond Structures in Affordable Housing. for . Housing Association of Nonprofit Developers (HAND). Peter Lawrence. Director of Public Policy and Government Relations. What is a Low Income Housing Tax Credit (LIHTC)?. Section 42 of the Internal Revenue Code. Allocated to entities that build or rehabilitate rental housing. Claimed over 10 years. Compliance period of 15 years. 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. Feasibility Analysis of Affordable Housing on Underutilized City-Owned Property Howard Lazarus, City Administrator Jennifer Hall, Executive Director Ann Arbor Housing Commission Derek Delacourt, Community Services Area Administrator Salish & Kootenai Housing Authority. Rocki Davis, . Program Compliance/Development Coordinator. And. Nicole Antoine, . Homeownership Coordinator. Felsman Addition. Constructed in 1998 using Housing Tax Credits. Salish & Kootenai Housing Authority. Rocki Davis, . Program Compliance/Development Coordinator. And. Nicole Antoine, . Homeownership Coordinator. Felsman Addition. Constructed in 1998 using Housing Tax Credits. eliminate tax liability risk and extending thtowards reducing that risk A liquid secondary marketwould take time to develop and many issues woulmarket could emerge long run will depend from a markexp 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 Preservation of Affordable Housing. September 27, 2011. Fannie Mae and Freddie Mac. Preservation Programs. - . Expiring Section 8 HAP Contracts. - Less than 10 Years of Restrictions. Bond Credit Enhancement – 4% LIHTC.