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Are low-income housing tax credit developments locating where there is a shortage of affordable units?

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  • Kirk McClure

Abstract

Low-Income Housing Tax Credit (LIHTC) developments serve renter households with incomes between 30% and 60% of Area Median Family Income. Ideally, the program places units into neighborhoods where there is a shortage of units serving this cohort. LIHTC units are allocated to developers by state agencies through their Qualified Allocation Plans which should direct units to areas of need. Using a national database, this research examines where LIHTC developments were placed in service to determine whether these developments enter tracts experiencing shortages. The LIHTC program is not directing units to those census tracts where there is a latent demand for units in this rent range. Rather, it is placing units into tracts that have surpluses. Equally, the program is not placing units in tracts with little or no affordable housing. This suggests that the program is not breaking down the income separation that exists in the nation's housing markets.

Suggested Citation

  • Kirk McClure, 2010. "Are low-income housing tax credit developments locating where there is a shortage of affordable units?," Housing Policy Debate, Taylor & Francis Journals, vol. 20(2), pages 153-171, March.
    • Handle: RePEc:taf:houspd:v:20:y:2010:i:2:p:153-171
    DOI: 10.1080/10511481003738260
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    Cited by:

    1. Kirk McClure, 2017. "The Future of Housing Policy: Fungibility of Rental Housing Programs to Better Fit With Market Need," Housing Policy Debate, Taylor & Francis Journals, vol. 27(3), pages 486-489, May.

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