Assessing the Effectiveness of Approaches to the Allocation of Low-Income Housing Tax Credits in Proximity to Rail Transit

This research aims to explore the effectiveness of different approaches to awarding Low-Income Housing Tax Credits (LIHTCs) in proximity to rail transit. Data from the LIHTC database is examined in order to identify the percentage of LIHTC projects constructed in neighborhoods served by rail transit, and to draw conclusions about the four different approaches (“No Incentives,” “Preference,” “Points,” and “30% Basis Boost”) to allocating tax credits near rail transit. U.S. Census data from 1990 and 2009 is also examined for four cases, one from each approach, in order to understand whether trends related to socio-demographics, economics, and travel behavior may be tied to the different allocation approaches. Results from these analyses indicate that more aggressive approaches to the allocation of LIHTCs in proximity to rail transit may help to bolster the provision of affordable housing in those areas.

• Supplemental Notes:
  • This paper was sponsored by TRB committee ADD50 Environmental Justice in Transportation
• Corporate Authors:

  Transportation Research Board

  500 Fifth Street, NW
  Washington, DC  United States  20001
• Authors:
  • Luckey, Kara S.
• Conference:
  • Transportation Research Board 91st Annual Meeting
  • Location: Washington DC, United States
  • Date: 2012-1-22 to 2012-1-26
• Date: 2012

Language

• English

Media Info

• Media Type: Digital/other
• Features: Figures; References; Tables;
• Pagination: 15p
• Monograph Title: TRB 91st Annual Meeting Compendium of Papers DVD

Subject/Index Terms

• TRT Terms: Accessibility; Case studies; Demographics; Housing; Low income groups; Neighborhoods; Public transit; Rail transit; Socioeconomic factors; Travel behavior
• Identifier Terms: Low Income Housing Tax Credits
• Uncontrolled Terms: Affordable housing
• Subject Areas: Economics; Public Transportation; Railroads; Society; I10: Economics and Administration; I70: Traffic and Transport;

Filing Info

• Accession Number: 01373321
• Record Type: Publication
• Report/Paper Numbers: 12-1876
• Files: TRIS, TRB
• Created Date: Jun 21 2012 2:15PM