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t. e. The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States that awards tax credits to housing developers in exchange for agreeing to reserve a certain fraction of rent-restricted units for lower-income households. [1] The program was created under the Tax Reform Act of 1986 (TRA86) to incentivize the use of ...
The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [9])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
The term “source of income discrimination” is used by housing advocates [2] to describe a phenomenon that is legal nationwide in the United States but is increasingly being banned on the state [3] and city level. [4] [5] Participation in the Section 8 Housing Voucher Program is largely voluntary for landlords. [6]
The state of Indiana 's income comes from four primary tax areas. Most state level income is from a sales tax of 7% and a flat state income tax of 3.05%. The state also collects an additional income tax for the 92 counties. Local governments are funded by a property tax that is the sum of rates set by local boards, but the total rate must be ...
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One of the major reasons, local officials say: Cincinnati's rising rents. The local housing authority is on pace to spend more than $101 million on the voucher program by the end of the year but ...
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