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Journal Article
Connecting a Region Apart
The Appalachian Regional Commission, created in the 1960s, became a model for regional economic development programs.
Newsletter
Expirations and Early Exits of LIHTC Units: Implications for the Affordable Housing Stock
The Low-Income Housing Tax Credit (LIHTC) is the nation’s largest source of financing for the development and preservation of affordable rental housing. The program provides tax credits to developers that may cover a portion of their acquisition, construction, and rehabilitation costs. In exchange for these credits, developers must ensure affordability for tenants whose earnings are at or below specific percentages of the area median income (AMI) with rental rates that do not exceed 30% of their gross income. LIHTC affordability requirements last for 30 years at a minimum. The earliest ...