scholarly journals Rural Affordable Rental Housing: Quantifying Need, Reviewing Recent Federal Support, and Assessing the Use of Low Income Housing Tax Credits in Rural Areas

2018 ◽  
Vol 2018 (077) ◽  
Author(s):  
◽  
Andrew M. Dumont ◽  
Keyword(s):  
Low Income ◽  
Rural Areas ◽  
Rental Housing ◽  
Tax Credits ◽  
Federal Support ◽  
Low Income Housing

A theoretical framework of the governance institutions of low-income housing in China

Urban Studies ◽  
2017 ◽  
Vol 55 (9) ◽  
pp. 1967-1982 ◽  
Author(s):  
Feng Deng
Keyword(s):  
Low Income ◽  
Rental Housing ◽  
Governance Structure ◽  
Theoretical Framework ◽  
Public Rental Housing ◽  
Governmental Intervention ◽  
Governance Institutions ◽  
The City ◽  
Important Form ◽  
Low Income Housing

This paper develops a theoretical framework for institutional analysis of the governance of low-income housing in the city. I focus on the provision of local public goods as a central issue for low-income housing. Factors that affect the governance structure from the efficiency perspective and the equity perspective, respectively, are explored. I argue that over-subsidisation is an important problem for income-redistribution institutions and, hence, public housing or social housing becomes an important form of governmental intervention in low-income housing. The framework is then applied to low-income housing in China. In particular, I analyse the governance structures of several major types of low-income housing including public rental housing, private low-income housing, work-unit compound and urban village.

Year 15 and the Preservation of Low-Income Housing Tax Credit Projects: Lessons from Detroit, Michigan

2020 ◽  
pp. 0739456X2096221
Author(s):  
Lan Deng
Keyword(s):  
At Risk ◽  
Low Income ◽  
Tax Credits ◽  
Tax Credit ◽  
Institutional Actors ◽  
National Housing ◽  
Low Income Housing

This study examines the efforts to preserve the Low-Income Housing Tax Credits (LIHTC) projects that are at risk from their year-15 transition in Detroit, Michigan. Using the preservation framework recommended by the National Housing Trust, the paper first identifies the risks LIHTC projects in Detroit face. It then reports what major institutional actors in LIHTC developments have done in addressing those risks, with particular attention to the roles these actors have played in shaping preservation needs and actions. The study concludes by discussing what broader lessons can be learned from Detroit with regard to the preservation of LIHTC projects nationwide.

scholarly journals Are Private Markets and Filtering a Viable Source of Low-Income Housing? Estimates from a “Repeat Income” Model

2014 ◽  
Vol 104 (2) ◽  
pp. 687-706 ◽  
Author(s):  
Stuart S. Rosenthal
Keyword(s):  
Low Income ◽  
Income Elasticity ◽  
Rental Housing ◽  
House Price ◽  
Price Inflation ◽  
Elasticity Of Demand ◽  
Income Model ◽  
Filtering Rates ◽  
Income Elasticity Of Demand ◽  
Low Income Housing

While filtering has long been considered the primary mechanism by which markets supply low-income housing, direct estimates of that process have been absent. This has contributed to doubts about the viability of markets and to misplaced policy. I fill this gap by estimating a “repeat income” model using 1985–2011 panel data. Real annual filtering rates are faster for rental housing (2.5 percent) than owner-occupied (0.5 percent), vary inversely with the income elasticity of demand and house price inflation, and are sensitive to tenure transitions as homes age. For most locations, filtering is robust which lends support for housing voucher programs. (JEL R21, R31, R38)

Can They Afford the Rent? Resident Cost Burden in Low Income Housing Tax Credit Developments

2011 ◽  
Vol 47 (6) ◽  
pp. 775-799 ◽  
Author(s):  
Anne R. Williamson
Keyword(s):  
Low Income ◽  
Rental Housing ◽  
The United States ◽  
Tax Credit ◽  
Cost Burden ◽  
Housing Choice ◽  
Voucher Program ◽  
Housing Choice Voucher Program ◽  
The Cost ◽  
Low Income Housing

Although the Low Income Housing Tax Credit (LIHTC) is the primary vehicle through which subsidized rental housing is developed in the United States, we know little about whether residents in LIHTC units can actually afford their rent. This article examines affordability as defined by the cost burden measure for nearly 38,000 Florida LIHTC households. Results indicate that the majority of LIHTC residents are cost burdened, and a smaller proportion are severely cost burdened. Results are presented based on race, ethnicity, and income, with separate analyses for LIHTC tenants who do not participate in the Housing Choice Voucher program and those who do. Findings indicate that Whites typically do not fare better than minorities in terms of cost burden in LIHTC developments. Further, participation in the Housing Choice Voucher program does not necessarily prevent cost burden. LIHTC residents with household incomes between 50% and 60% of area median fare best in avoiding cost burden.

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