Home Affordability in the USC Area
In 2006, when USC began planning its new mixed-use “Village” development, the UNIDAD Coalition ––a group of community-based organizations in South Central–– arose to ensure
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Low Income Housing Tax Credits (LIHTC)
Metadata
Variable Definitions:
LIHTC Units in Service: The total number of units in service through the Low Income Housing Tax Credit (LIHTC) program
Source:
U.S. Department of Housing and Urban Development (HUD)
Years Available:
2010 – 2021
Methodology Note:
The original data comes at the point level. Our team geocoded the locations to generate X/Y coordinates, then spatial joined each point to 2020 Census Tracts.
Why are these variables important to measure?
Enacted under the Tax Reform Act of 1986, the Low Income Housing Tax Credit (LIHTC) Program is the largest source of subsidized construction for low-income housing in U.S. history. The program provides dollar-for-dollar tax credits to owners and developers of properties, who then lease a certain portion of their units to low-income households at reduced rent prices. Owners are able to rent the remaining portion of the units at market-rate rent prices, often leading to mixed-income housing developments.
The LIHTC has been an important program to increase the construction of affordable housing. It aims to reduce concentrated poverty in government-subsidized housing, since LIHTC properties are located throughout high, middle and low-income neighborhoods.
Citation:
“Housing choice vouchers fact sheet.” U.S. Department of Housing and Urban Development, 7 March 2018. Link.
“HUD’s public housing program.” U.S. Department of Housing and Urban Development, 7 March 2018. Link.
“Policy Basics: Section 8 Project-Based Rental Assistance.” Center on Budget and Policy Priorities. 7 March 2018. Link.
“Renewal of Section 8 Project-Based Rental Assistance” U.S. Department of Housing and Urban Development. 7 March 2018. Link.
Turner, Margery Austin. “Moving out of poverty: Expanding mobility and choice through tenant-based housing assistance.” Housing Policy Debate, vol. 9, no. 2, pp. 373-394. Link.
Woo, Ayoung, Kenneth Joh, and Shannon Van Zandt. “Impacts of the low-income housing tax cr4edit program on neighborhood housing turnover.” Urban Affairs Review, vol. 52, no. 2, pp. 247-279, 2016. Link.
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