housing policy under the obama administration: the low-income housing tax credit michael j....
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Housing Policy Under the Obama Administration:
The Low-Income Housing Tax Credit
Michael J. Novogradac, CPAmichael.novogradac@novoco.com
www.taxcredithousing.com
www.taxcredithousing.com
Multi-Family Starts
www.taxcredithousing.com
Total Multi-Family Starts vs. LIHTC Units
Cumulative LIHTC Units
10% oftotal U.S. rental unit stock
www.taxcredithousing.com
www.taxcredithousing.com
www.taxcredithousing.com
www.taxcredithousing.com
$-
$2
$4
$6
$8
$10
2009
$-
$2
$4
$6
$8
$10
$12
Bil
lio
ns
Bil
lio
ns
Funding Gaps
2008
2007
2006
2010
2011
(9%, population-based credits only)
ARRA40%
Equity
Credits
Bingaman
Bill
5 Year C/B
H.R. 421340%
www.taxcredithousing.com
michael.novogradac@novoco.com
www.novoco.comwww.taxcredithousing.com
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