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

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Author Info

  • 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.

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Bibliographic Info

Article provided by C.D. Howe Institute in its journal C.D. Howe Institute Commentary.

Volume (Year): (2009)
Issue (Month): 289 (May)
Pages:

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Handle: RePEc:cdh:commen:289

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Keywords: social policy; Canadian Mortgage and Housing Corporation; social housing;

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References

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  1. 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.
  2. 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, Springer, vol. 20(1), pages 37-48, January.
  3. Alexandre Laurin & Colin Busby & Benjamin Dachis, 2009. "Out on a Limb: Assessing the Fiscal Sustainability and Effectiveness of the 2009 Federal Budget," e-briefs, C.D. Howe Institute 72, C.D. Howe Institute.
  4. Joseph Gyourko, 2009. "Housing Supply," Annual Review of Economics, Annual Reviews, Annual Reviews, vol. 1(1), pages 295-318, 05.
  5. 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, Elsevier, vol. 94(11-12), pages 953-966, December.
  6. Quigley, John M., 2007. "Just Suppose: Housing Subsidies for Low Income Renters," Berkeley Program on Housing and Urban Policy, Working Paper Series, Berkeley Program on Housing and Urban Policy qt0n43z5d2, Berkeley Program on Housing and Urban Policy.
  7. 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, C.D. Howe Institute, issue 279, January.
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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, 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, 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, C.D. Howe Institute, issue 294, August.

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