Tax reform: a state housing finance agency perspective
Article Abstract:
High conventional interest rates and considerable reductions in federal housing programs have combined to threaten the dream of home ownership in the U.S. and the promise of decent, affordable housing, with one of the effects being an increased dependence on state housing authorities for support. While the state agencies have responded to this need with lower cost mortgage capital and creative financing for low-income families, the states lack the funding to make the subsidies that are required for low- and moderate-income housing. The partnership of state housing agencies and the private sector (and the incentives provided by the federal government for these partnerships), the novel approaches housing agencies at the state and local level can take to service the housing needs of individuals, and changes proposed in the single-family housing programs currently being implemented are described.
Publication Name: Journal of Housing
Subject: Social sciences
ISSN: 0272-7374
Year: 1986
User Contributions:
Comment about this article or add new information about this topic:
Tax increment financing
Article Abstract:
Communities throughout the U.S. are able to improve their environments and remove blight through tax increment financing, which is even more important now that cities can no longer rely on federal assistance for their redevelopment needs. Tax increment or tax allocation bonds are being issued in 35 states for financing public land assembly, redeemed by property taxes received through the increment of increased assessed valuation on the property after it is redeveloped. H.R. 3838 proposes to eliminate or severely restrict the tax-exempt status of tax increment bonds, but such a move would be detrimental to communities and their attempts at redevelopment. U.S. cities have been losing federal support for redevelopment for too long, and despite the good intentions that may have motivated them, attempts at further limiting this support are gravely misplaced.
Publication Name: Journal of Housing
Subject: Social sciences
ISSN: 0272-7374
Year: 1986
User Contributions:
Comment about this article or add new information about this topic:
Housing and community development in the nation's capital
Article Abstract:
More than four million square feet of office space and 2,450 housing units have been developed in Washington, DC during the past decade. The District of Columbia's Home Purchase Assistance program made $6.2 million in home loans to 400 households during 1897; private lenders provided another $16 million in first mortgage loans. The city's Multi-family Housing Rehabilitation Program made 22 loans totaling $8.7 million toward the rehabilitation of 561 housing units. The city has a number of housing programs for low-income residents and the homeless. New commercial developments along the H Street and North Capitol Street corridors are in progress.
Publication Name: Journal of Housing
Subject: Social sciences
ISSN: 0272-7374
Year: 1988
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Strategic interaction and the adoption of tax increment financing. The size distribution of Chinese cities
- Abstracts: The emerging international policy agenda for reproductive health services in conflict settings. Incentives can lower the incidence of HIV AIDS in Africa
- Abstracts: Housing abroad: social housing in France. Journal of Housing buyer's guide. Locally Financed Housing: Potentials and Pitfalls
- Abstracts: A production analysis of the manufacturing industries in Iran. Energy Analysis of Japanese Industries
- Abstracts: Housing-CD linkages: a tested strategy. Housing the rural poor: why we need the Farmers Home Administration