housing policy under the obama administration: the low-income housing tax credit michael j....

Housing Policy Under the Obama Administration: The Low-Income Housing Tax Credit Michael J. Novogradac, CPA [email protected] www.taxcredithousing.com

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Housing Policy Under the Obama Administration:

The Low-Income Housing Tax Credit

Michael J. Novogradac, [email protected]

www.taxcredithousing.com

Page 2: Housing Policy Under the Obama Administration: The Low-Income Housing Tax Credit Michael J. Novogradac, CPA michael.novogradac@novoco.com

www.taxcredithousing.com

Page 3: Housing Policy Under the Obama Administration: The Low-Income Housing Tax Credit Michael J. Novogradac, CPA michael.novogradac@novoco.com

Multi-Family Starts

www.taxcredithousing.com

Total Multi-Family Starts vs. LIHTC Units

Page 4: Housing Policy Under the Obama Administration: The Low-Income Housing Tax Credit Michael J. Novogradac, CPA michael.novogradac@novoco.com

Cumulative LIHTC Units

10% oftotal U.S. rental unit stock

www.taxcredithousing.com

Page 5: Housing Policy Under the Obama Administration: The Low-Income Housing Tax Credit Michael J. Novogradac, CPA michael.novogradac@novoco.com

www.taxcredithousing.com

Page 6: Housing Policy Under the Obama Administration: The Low-Income Housing Tax Credit Michael J. Novogradac, CPA michael.novogradac@novoco.com

www.taxcredithousing.com

Page 7: Housing Policy Under the Obama Administration: The Low-Income Housing Tax Credit Michael J. Novogradac, CPA michael.novogradac@novoco.com

www.taxcredithousing.com

Page 8: Housing Policy Under the Obama Administration: The Low-Income Housing Tax Credit Michael J. Novogradac, CPA michael.novogradac@novoco.com

$10

2009

$10

$12

Bil

lio

Bil

lio

Funding Gaps

2008

2007

2006

2010

2011

(9%, population-based credits only)

ARRA40%

Equity

Credits

Bingaman

Bill

5 Year C/B

H.R. 421340%

www.taxcredithousing.com

Page 9: Housing Policy Under the Obama Administration: The Low-Income Housing Tax Credit Michael J. Novogradac, CPA michael.novogradac@novoco.com

[email protected]

www.novoco.comwww.taxcredithousing.com

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