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Building Affordable Rental Housing in Unaffordable Cities: A Canadian Low-Income Housing Tax Credit

Author

Listed:
  • Marion Steele

    (University of Guelph)

  • Francois Des Rosiers

    (Laval University)

Abstract

Many Canadian cities are short of affordable rental housing. Waiting lists for low-income housing are years in length, and new-build construction of rental housing has fallen over the last two decades. This study proposes a better way to build more low-income housing in expensive Canadian cities. A made-in-Canada Low-Income Housing Tax Credit (LIHTC) could leverage private sector expertise in site location, building, and management to build more and better low-income rental housing.

Suggested Citation

  • Marion Steele & Francois Des Rosiers, 2009. "Building Affordable Rental Housing in Unaffordable Cities: A Canadian Low-Income Housing Tax Credit," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 289, May.
    • Handle: RePEc:cdh:commen:289
    as

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    File URL: https://www.cdhowe.org/public-policy-research/building-affordable-rental-housing-unaffordable-cities-canadian-low-income-housing-tax-credit
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    References listed on IDEAS

    as
    1. Quigley, John M., 2007. "Just Suppose: Housing Subsidies for Low Income Renters," Berkeley Program on Housing and Urban Policy, Working Paper Series qt0n43z5d2, Berkeley Program on Housing and Urban Policy.
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    3. Karim Moussaly-Sergieh & Francois Vaillancourt, 2009. "Extra Earning Power: The Financial Returns to University Education in Canada," e-briefs 79, C.D. Howe Institute.
    4. Benjamin, John D & Chinloy, Peter & Sirmans, G Stacey, 2000. "Housing Vouchers, Tenant Quality, and Apartment Values," The Journal of Real Estate Finance and Economics, Springer, vol. 20(1), pages 37-48, January.
    5. Alexandre Laurin & Colin Busby & Benjamin Dachis, 2009. "Out on a Limb: Assessing the Fiscal Sustainability and Effectiveness of the 2009 Federal Budget," e-briefs 72, C.D. Howe Institute.
    6. Michael Parkin, 2009. "What is the Ideal Monetary Policy Regime? Improving the Bank of Canada's Inflation-targeting Program," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 279, January.
    7. Eriksen, Michael D. & Rosenthal, Stuart S., 2010. "Crowd out effects of place-based subsidized rental housing: New evidence from the LIHTC program," Journal of Public Economics, Elsevier, vol. 94(11-12), pages 953-966, December.
    8. Claire de Oliveira, 2009. "Good Health to All: Reducing Health Inequalities among Children in High- and Low-Income Canadian Families," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 288, May.
    9. Eriksen, Michael D., 2009. "The market price of Low-Income Housing Tax Credits," Journal of Urban Economics, Elsevier, vol. 66(2), pages 141-149, September.
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    11. Desai, Mihir & Dharmapala, Dhammika & Singhal, Monica, 2008. "Investable Tax Credits: The Case of the Low Income Housing Tax Credit," Working Paper Series rwp08-035, Harvard University, John F. Kennedy School of Government.
    12. Joseph Gyourko & Edward L. Glaeser, 2008. "Rethinking Federal Housing Policy," Books, American Enterprise Institute, number 50499, September.
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    Citations

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    Cited by:

    1. Thorsten V. Koeppl, 2009. "How Flexible Can Inflation Targeting Be? Suggestions for the Future of Canada's Targeting Regime," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 293, August.
    2. Pierre L. Siklos, 2009. "As Good As It Gets? The International Dimension to Canada's Monetary Policy Strategy Choices," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 292, July.
    3. Gretchen Van Riesen, 2009. "The Pension Tangle: Achieving Greater Uniformity of Pension Legislation and Regulation in Canada," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 294, August.

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    More about this item

    Keywords

    social policy; Canadian Mortgage and Housing Corporation; social housing;
    All these keywords.

    JEL classification:

    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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