Responding to the Challenges of Preserving Low-Income Housing Tax Credit Projects
Lessons From New York City
Bibliographic Data
| ID | 21633650 |
|---|---|
| Authors | Euna Kim (0000-0002-9469-2671, Cornell University, corresponding author) |
| Year | 2024 |
| Volume | 34 |
| Issue | 3 |
| Pages | 396-418 |
| Publication date | 2024-05-03 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Housing Policy Debate (JOURNAL) |
| Journal identifiers | ISSN: 1051-1482 • E-ISSN: 2152-050X |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/10511482.2022.2157220 |
| OpenAlex | W4313528525 |
| Language | EN |
| Citations received | 1 |
| References cited | 28 |
The year 15 presents a critical moment for the preservation of Low-Income Housing Tax Credit (LIHTC) properties. While there have been studies looking into the year-15 challenges in weak housing markets, there has been little research on strategies and contexts that have led to successful preservation outcomes. While different localities may require different strategies depending on local contexts, there are common challenges shared by LIHTC properties due to the program structure. This paper aims to examine how New York City has been responding to some of these common challenges through its LIHTC (Year-15) Preservation Program which has been quite successful in preserving expiring LIHTC properties. Through a combination of data analysis on LIHTC and New York City’s Year-15 Program, interviews with government officials, and an examination of approximately 530 land documents of 107 expiring LIHTC properties in New York City, this study takes an in-depth look into the development process, strategies, and outcomes of the program. By doing so, future challenges and lessons are highlighted that are helpful for New York City and beyond
Affordable housing · Business · Economic growth · Economics · Low income housing · Public economics · Tax credit · Computer Science · Housing Market and Economics · Housing, Finance, and Neoliberalism · Urban, Neighborhood, and Segregation Studies · Finance
Shaping a Healthier LIHTC Housing Stock
Challenges for Low-Income Housing Tax Credit Projects at Year 15 and Beyond in a Weak Housing Market
Affordable Housing, Disasters, and Social Equity
Year 15 and the Preservation of Low-Income Housing Tax Credit Projects
The External Neighborhood Effects of Low-Income Housing Tax Credit Projects Built by Three Sectors
Community Development Financial Institutions
Year 15 and Preservation of Tax-Credit Housing for Low-Income Households
Neighbourhood Valuation Effects from New Construction of Low-income Housing Tax Credit Projects in Iowa
Unpacking the impacts of the Low-Income Housing Tax Credit program on nearby property values
Who Wants Affordable Housing in Their Backyard? An Equilibrium Analysis of Low-Income Property Development
Locational Patterns of Low-Income Housing Tax Credit Developments
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,5 |
| Citation span | 2024 - 2024 (1) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 1 |