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Moving From Low Income Housing Toward Affordable Quality Housing, B Bakhtyar
Moving From Low Income Housing Toward Affordable Quality Housing, B Bakhtyar
B Bakhtyar
Smart growth development entails retracting the city, hence attempting to house low-income residents at new affordable housing facilities within a metropolitan area. This paper introduces the Low Income Housing Tax credit (LIHTC) as an alternative funding source for developing affordable housing projects. In this article, we present the affordable housing and smart growth elements in two selected tax credit programs in the United States. We compared these elements with the Malaysian commitments in Agenda 21 and recommend how we could move forward in utilizing these elements to develop the Malaysian LIHTC point system that supports both affordable housing and smart …