Comment on Kirk McClure's "Are low-income housing tax credit developments locating where there is a shortage of affordable units?"
Kirk McClure's article makes important contributions to our understanding of the way in which state allocating agencies are using the Low-Income Housing Tax Credit (LIHTC). However, one of the premises of his analysis - that allocating agencies should encourage the location housing developments...
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Published in | Housing policy debate Vol. 20; no. 2; pp. 181 - 184 |
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Main Author | |
Format | Journal Article |
Language | English |
Published |
Abingdon
Routledge
01.03.2010
Taylor & Francis Ltd |
Subjects | |
Online Access | Get full text |
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Abstract | Kirk McClure's article makes important contributions to our understanding of the way in which state allocating agencies are using the Low-Income Housing Tax Credit (LIHTC). However, one of the premises of his analysis - that allocating agencies should encourage the location housing developments in census tracts with a "surplus" of low-income renters - is mistaken. Census tracts are too small to be considered closed-system housing markets. Additionally, the LIHTC program does not exist in isolation, but instead as part of a combined national rental housing policy that includes both supply-side programs (LIHTC) and demand-side programs (housing vouchers). A final flaw in the notion that LIHTC units should be built in census tracts with a surplus of renter households in the 30% to 60% of AMI range compared with the units affordable to them is that increasing the amount of affordable housing in those tracts could have the effect of further concentrating households by income and race. |
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AbstractList | Kirk McClure's article makes important contributions to our understanding of the way in which state allocating agencies are using the Low-Income Housing Tax Credit (LIHTC). However, one of the premises of his analysis - that allocating agencies should encourage the location housing developments in census tracts with a "surplus" of low-income renters - is mistaken. Census tracts are too small to be considered closed-system housing markets. Additionally, the LIHTC program does not exist in isolation, but instead as part of a combined national rental housing policy that includes both supply-side programs (LIHTC) and demand-side programs (housing vouchers). A final flaw in the notion that LIHTC units should be built in census tracts with a surplus of renter households in the 30% to 60% of AMI range compared with the units affordable to them is that increasing the amount of affordable housing in those tracts could have the effect of further concentrating households by income and race. Kirk McClure's article makes important contributions to our understanding of the way in which state allocating agencies are using the Low-Income Housing Tax Credit (LIHTC). However, one of the premises of his analysis - that allocating agencies should encourage the location housing developments in census tracts with a "surplus" of low-income renters - is mistaken. Census tracts are too small to be considered closed-system housing markets. Additionally, the LIHTC program does not exist in isolation, but instead as part of a combined national rental housing policy that includes both supply-side programs (LIHTC) and demand-side programs (housing vouchers). A final flaw in the notion that LIHTC units should be built in census tracts with a surplus of renter households in the 30% to 60% of AMI range compared with the units affordable to them is that increasing the amount of affordable housing in those tracts could have the effect of further concentrating households by income and race. [PUBLICATION ABSTRACT] Kirk McClure's article makes important contributions to our understanding of the way in which state allocating agencies are using the Low-Income Housing Tax Credit (LIHTC). However, one of the premises of his analysis - that allocating agencies should encourage the location housing developments in census tracts with a "surplus" of low-income renters - is mistaken. Census tracts are too small to be considered closed-system housing markets. Additionally, the LIHTC program does not exist in isolation, but instead as part of a combined national rental housing policy that includes both supply-side programs (LIHTC) and demand-side programs (housing vouchers). A final flaw in the notion that LIHTC units should be built in census tracts with a surplus of renter households in the 30% to 60% of AMI range compared with the units affordable to them is that increasing the amount of affordable housing in those tracts could have the effect of further concentrating households by income and race. [PUBLICATION ABSTRACT] Reprinted by permission of Fannie Mae Foundation |
Author | Khadduri, Jill |
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CitedBy_id | crossref_primary_10_1080_10511482_2018_1506394 crossref_primary_10_2139_ssrn_3708504 |
Cites_doi | 10.1080/10511482.1997.9521275 10.1080/10511482.1994.9521172 |
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Copyright | Copyright Taylor & Francis Group, LLC 2010 Copyright Fannie Mae Mar 2010 |
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SubjectTerms | affordability Affordable housing Allocations Censuses Comparative analysis Fiscal policy Housing Housing developments Housing policy Low income Low income groups Low income housing credit low-income housing McClure, Kirk Public housing Real estate market rental housing Retirement communities Social policy tax credit Tax credits Taxation Taxes |
Title | Comment on Kirk McClure's "Are low-income housing tax credit developments locating where there is a shortage of affordable units?" |
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