Low-Income Housing Tax Credit

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Definition: Low-Income Housing Tax Credit

Low-Income Housing Tax Credit

Quick Summary of Low-Income Housing Tax Credit

A federal program which gives financial incentives to developers of affordable housing units. This program, which has served to increase the availability of rental housing for low-income individuals and families, requires that rents remain at affordable rates for a period of 30 years.

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Synonyms For Low-Income Housing Tax Credit

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April 20, 2024 https://payrollheaven.com/define/low-income-housing-tax-credit/.
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https://payrollheaven.com/define/low-income-housing-tax-credit/ (accessed: April 20, 2024).
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Low-Income Housing Tax Credit. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/low-income-housing-tax-credit/

Definition Sources

Definitions for Low-Income Housing Tax Credit are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 21st November, 2021 | 0 Views.