Managing low-income housing tax credit properties. (Tax Issues): An article from: Journal of Property Management

This digital document is an article from Journal of Property Management, published by Institute of Real Estate Management on July 1, 1992. The length of the article is 2422 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Public housing managers should be aware of tax rules which cover low-income housing, particularly the low-income housing tax credit (LIHC). This credit cushions the impact of federal income taxes which owners pay for properties they lease to low-income tenants. LIHC covers acquisition costs, rehabilitation expenses and new construction costs. For the initial lease-up period, the classification of tenants according to annual income must be based on the area's median gross income which the US Department of Housing and Urban Development reports annually. Managers must continually assess tenant and area income to optimize benefits of the LIHC.

Citation Details
Title: Managing low-income housing tax credit properties. (Tax Issues)
Author: Michael J. Novogradac
Publication:Journal of Property Management (Refereed)
Date: July 1, 1992
Publisher: Institute of Real Estate Management
Volume: v57 Issue: n4 Page: p6(2)

Distributed by Thomson Gale