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LIHTC's Effectiveness Under Review
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Overview
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The Low-Income Housing Tax Credit (LIHTC) program is under scrutiny for its efficiency and effectiveness, with concerns about its complexity and concentration in low-income communities. The House-passed Tax Relief for American Families and Workers Act of 2024 aims to expand the program, but the article suggests reevaluating the effectiveness of developer tax credits in helping low- and moderate-income households find affordable housing.
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How could the expansion of the LIHTC program affect the distribution of affordable housing across different regions and demographics?
How might the reevaluation of the LIHTC program impact the construction of affordable housing in low- and moderate-income communities?
What are the potential implications of focusing on developer tax credits instead of the LIHTC program for addressing housing affordability?
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