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The low‐income housing tax credit program goes mainstream and moves to the suburbs

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  • Kirk McClure

Abstract

The Low‐Income Housing Tax Credit (LIHTC) program is now 20 years old. With the maturing of the program, the use of tax credits has become commonplace in the development of rental housing across the nation. This article examines how the program has changed both financially and spatially. Specifically, the article asks whether it provides a mechanism that can help deconcentrate impoverished renters by providing access to low‐poverty neighborhoods. This research finds that as the price for tax credits rises, the program becomes increasingly popular with developers who are helping it make inroads in low‐poverty suburbs. By entering the suburbs, the LIHTC program is meeting and even exceeding the performance of the Housing Choice Voucher Program in terms of offering opportunities to live in low‐poverty settings.

Suggested Citation

  • Kirk McClure, 2006. "The low‐income housing tax credit program goes mainstream and moves to the suburbs," Housing Policy Debate, Taylor & Francis Journals, vol. 17(3), pages 419-446.
    • Handle: RePEc:taf:houspd:v:17:y:2006:i:3:p:419-446
    DOI: 10.1080/10511482.2006.9521576
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    Cited by:

    1. Ellen, Ingrid G. & Horn, Keren M. & O'Regan, Katherine M., 2016. "Poverty concentration and the Low Income Housing Tax Credit: Effects of siting and tenant composition," Journal of Housing Economics, Elsevier, vol. 34(C), pages 49-59.
    2. Shomon Shamsuddin & Lawrence J Vale, 2017. "Lease it or lose it? The implications of New York’s Land Lease Initiative for public housing preservation," Urban Studies, Urban Studies Journal Limited, vol. 54(1), pages 137-157, January.
    3. Kelly D. Edmiston, 2011. "Low-income housing tax credit developments and neighborhood property conditions," Research Working Paper RWP 11-10, Federal Reserve Bank of Kansas City.
    4. Wenhua Di & James C. Murdoch, 2010. "The impact of LIHTC program on local schools," Working Papers 1006, Federal Reserve Bank of Dallas.
    5. Kirk McClure, 2015. "The Future of Research on Assisted Housing for the Poor," Housing Policy Debate, Taylor & Francis Journals, vol. 25(4), pages 802-805, October.
    6. Horn, Keren Mertens & Ellen, Ingrid Gould & Schwartz, Amy Ellen, 2014. "Do Housing Choice Voucher holders live near good schools?," Journal of Housing Economics, Elsevier, vol. 23(C), pages 28-40.
    7. Lang, Bree J., 2015. "Input distortions in the Low-Income Housing Tax Credit: Evidence from building size," Regional Science and Urban Economics, Elsevier, vol. 52(C), pages 119-128.
    8. Di, Wenhua & Murdoch, James C., 2013. "The impact of the low income housing tax credit program on local schools," Journal of Housing Economics, Elsevier, vol. 22(4), pages 308-320.
    9. Ayoung Woo & Kenneth Joh & Shannon Van Zandt, 2016. "Unpacking the impacts of the Low-Income Housing Tax Credit program on nearby property values," Urban Studies, Urban Studies Journal Limited, vol. 53(12), pages 2488-2510, September.
    10. Horn, Keren Mertens & Ellen, Ingrid Gould & Schwartz, Amy Ellen, 2014. "Reprint of “Do Housing Choice Voucher Holders Live Near Good Schools?”," Journal of Housing Economics, Elsevier, vol. 24(C), pages 109-121.
    11. Michael C Lens, 2018. "Extremely low-income households, housing affordability and the Great Recession," Urban Studies, Urban Studies Journal Limited, vol. 55(8), pages 1615-1635, June.
    12. Freedman, Matthew & Owens, Emily G., 2011. "Low-income housing development and crime," Journal of Urban Economics, Elsevier, vol. 70(2), pages 115-131.
    13. Ellen, Ingrid Gould, 2020. "What do we know about housing choice vouchers?," Regional Science and Urban Economics, Elsevier, vol. 80(C).
    14. Haozhi Pan & Si Chen & Yizhao Gao & Brian Deal & Jinfang Liu, 2020. "An urban informatics approach to understanding residential mobility in Metro Chicago," Environment and Planning B, , vol. 47(8), pages 1456-1473, October.
    15. Lang, Bree J., 2012. "Location incentives in the low-income housing tax credit: Are qualified census tracts necessary?," Journal of Housing Economics, Elsevier, vol. 21(2), pages 142-150.
    16. Ellen, Ingrid Gould & Suher, Michael & Torrats-Espinosa, Gerard, 2019. "Neighbors and networks: The role of social interactions on the residential choices of housing choice voucher holders," Journal of Housing Economics, Elsevier, vol. 43(C), pages 56-71.

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