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What Can We Learn About the Low-Income Housing Tax Credit Program by Looking at the Tenants?

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  • Katherine M. O'Regan
  • Keren M. Horn

Abstract

Using tenant-level data from 18 states that represent almost 40% of all Low-Income Housing Tax Credit units, this article examines tenant incomes, rental assistance, and rent burdens to shed light on key questions about our largest federal supply-side affordable housing program. Specifically, what are the incomes of the tenants, and does this program reach those with extremely low incomes? What rent burdens are experienced, and is economic diversity within developments achieved? We find that approximately 45% of tenants have extremely low incomes, and the overwhelming majority of such tenants also receive some form of rental assistance. Rent burdens are lower than that for renters with similar incomes nationally but generally higher than that presumed for housing programs of the U.S. Department of Housing and Urban Development. Rent burdens vary greatly by income level and are lowered by the sizable share of owners who charge below federal maximum rents. Finally, we find evidence of both economically diverse developments and those with concentrations of households with extremely low incomes.

Suggested Citation

  • Katherine M. O'Regan & Keren M. Horn, 2013. "What Can We Learn About the Low-Income Housing Tax Credit Program by Looking at the Tenants?," Housing Policy Debate, Taylor & Francis Journals, vol. 23(3), pages 597-613, July.
    • Handle: RePEc:taf:houspd:v:23:y:2013:i:3:p:597-613
    DOI: 10.1080/10511482.2013.772909
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    Cited by:

    1. Christian A. L. Hilber & Olivier Schoni, 2022. "Housing policy and affordable housing," CEP Occasional Papers 56, Centre for Economic Performance, LSE.
    2. Robert Collinson & Ingrid Gould Ellen & Jens Ludwig, 2015. "Low-Income Housing Policy," NBER Chapters, in: Economics of Means-Tested Transfer Programs in the United States, Volume 2, pages 59-126, National Bureau of Economic Research, Inc.
    3. Ports, Katie A. & Rostad, Whitney L. & Luo, Feijun & Putnam, Michelle & Zurick, Elizabeth, 2018. "The impact of the low-income housing tax credit on children's health and wellbeing in Georgia," Children and Youth Services Review, Elsevier, vol. 93(C), pages 390-396.
    4. Welch, Timothy F., 2013. "Equity in transport: The distribution of transit access and connectivity among affordable housing units," Transport Policy, Elsevier, vol. 30(C), pages 283-293.
    5. Osborne Jackson & Laura Kawano, 2015. "Do increases in subsidized housing reduce the incidence of homelessness?: evidence from the low-income housing tax credit," Working Papers 15-11, Federal Reserve Bank of Boston.
    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. Mark Brennan & Aditi Mehta & Justin Steil, 2022. "In Harm's Way? The Effect of Disasters on the Magnitude and Location of Low‐Income Housing Tax Credit Allocations," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 41(2), pages 486-514, March.
    9. 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.
    10. 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.

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