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{ "item_title" : "Housing", "item_author" : [" U. S. Government Accountability Office ( "], "item_description" : "GAO discussed low-income housing tax credit utilization and syndication. GAO found that: (1) tax credits are intended to induce investors to supply equity for low-income housing; (2) tax credit use increased from 20 percent in 1987 to 98 percent in 1989; (3) by the end of 1989, about $565 million worth of initial-year credits were awarded for the development of 236,000 low-income housing units; (4) the credit program represents the federal government's primary subsidy for encouraging low-income housing production; (5) most tax credit syndications have been conducted as public offerings, with limited partnership interests in tax-credit-eligible projects being sold to individual investors; and (6) many syndications are being conducted as direct placement, usually to corporate investors.", "item_img_path" : "https://covers3.booksamillion.com/covers/bam/1/28/900/978/1289009783_b.jpg", "price_data" : { "retail_price" : "15.75", "online_price" : "15.75", "our_price" : "15.75", "club_price" : "15.75", "savings_pct" : "0", "savings_amt" : "0.00", "club_savings_pct" : "0", "club_savings_amt" : "0.00", "discount_pct" : "10", "store_price" : "" } }
Housing|U. S. Government Accountability Office (

Housing : Low-Income Housing Tax Credit Utilization and Syndication: T-Rced-90-73

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Overview

GAO discussed low-income housing tax credit utilization and syndication. GAO found that: (1) tax credits are intended to induce investors to supply equity for low-income housing; (2) tax credit use increased from 20 percent in 1987 to 98 percent in 1989; (3) by the end of 1989, about $565 million worth of initial-year credits were awarded for the development of 236,000 low-income housing units; (4) the credit program represents the federal government's primary subsidy for encouraging low-income housing production; (5) most tax credit syndications have been conducted as public offerings, with limited partnership interests in tax-credit-eligible projects being sold to individual investors; and (6) many syndications are being conducted as direct placement, usually to corporate investors.

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Details

  • ISBN-13: 9781289009786
  • ISBN-10: 1289009783
  • Publisher: Bibliogov
  • Publish Date: June 2013
  • Dimensions: 9.69 x 7.44 x 0.06 inches
  • Shipping Weight: 0.15 pounds
  • Page Count: 28

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