Abstract
Using tenant-level data from 18 states that represent almost 40% of all Low-Income Housing Tax Credit units, this article examines tenant incomes, rental assistance, and rent burdens to shed light on key questions about our largest federal supply-side affordable housing program. Specifically, what are the incomes of the tenants, and does this program reach those with extremely low incomes? What rent burdens are experienced, and is economic diversity within developments achieved? We find that approximately 45% of tenants have extremely low incomes, and the overwhelming majority of such tenants also receive some form of rental assistance. Rent burdens are lower than that for renters with similar incomes nationally but generally higher than that presumed for housing programs of the U.S. Department of Housing and Urban Development. Rent burdens vary greatly by income level and are lowered by the sizable share of owners who charge below federal maximum rents. Finally, we find evidence of both economically diverse developments and those with concentrations of households with extremely low incomes.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 597-613 |
| Number of pages | 17 |
| Journal | Housing Policy Debate |
| Volume | 23 |
| Issue number | 3 |
| DOIs | |
| State | Published - 2013 |
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Keywords
- affordability
- low-income housing
- policy
- tax credit
ASJC Scopus subject areas
- Development
- Urban Studies
- Management, Monitoring, Policy and Law
Cite this
What Can We Learn About the Low-Income Housing Tax Credit Program by Looking at the Tenants? / O'Regan, Katherine M.; Horn, Keren M.
In: Housing Policy Debate, Vol. 23, No. 3, 2013, p. 597-613.Research output: Contribution to journal › Article
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TY - JOUR
T1 - What Can We Learn About the Low-Income Housing Tax Credit Program by Looking at the Tenants?
AU - O'Regan, Katherine M.
AU - Horn, Keren M.
PY - 2013
Y1 - 2013
N2 - Using tenant-level data from 18 states that represent almost 40% of all Low-Income Housing Tax Credit units, this article examines tenant incomes, rental assistance, and rent burdens to shed light on key questions about our largest federal supply-side affordable housing program. Specifically, what are the incomes of the tenants, and does this program reach those with extremely low incomes? What rent burdens are experienced, and is economic diversity within developments achieved? We find that approximately 45% of tenants have extremely low incomes, and the overwhelming majority of such tenants also receive some form of rental assistance. Rent burdens are lower than that for renters with similar incomes nationally but generally higher than that presumed for housing programs of the U.S. Department of Housing and Urban Development. Rent burdens vary greatly by income level and are lowered by the sizable share of owners who charge below federal maximum rents. Finally, we find evidence of both economically diverse developments and those with concentrations of households with extremely low incomes.
AB - Using tenant-level data from 18 states that represent almost 40% of all Low-Income Housing Tax Credit units, this article examines tenant incomes, rental assistance, and rent burdens to shed light on key questions about our largest federal supply-side affordable housing program. Specifically, what are the incomes of the tenants, and does this program reach those with extremely low incomes? What rent burdens are experienced, and is economic diversity within developments achieved? We find that approximately 45% of tenants have extremely low incomes, and the overwhelming majority of such tenants also receive some form of rental assistance. Rent burdens are lower than that for renters with similar incomes nationally but generally higher than that presumed for housing programs of the U.S. Department of Housing and Urban Development. Rent burdens vary greatly by income level and are lowered by the sizable share of owners who charge below federal maximum rents. Finally, we find evidence of both economically diverse developments and those with concentrations of households with extremely low incomes.
KW - affordability
KW - low-income housing
KW - policy
KW - tax credit
UR - http://www.scopus.com/inward/record.url?scp=84879693549&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84879693549&partnerID=8YFLogxK
U2 - 10.1080/10511482.2013.772909
DO - 10.1080/10511482.2013.772909
M3 - Article
VL - 23
SP - 597
EP - 613
JO - Housing Policy Debate
JF - Housing Policy Debate
SN - 1051-1482
IS - 3
ER -