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More Affordable Housing, But Where, And For Whom?, Brian N. Biglin
More Affordable Housing, But Where, And For Whom?, Brian N. Biglin
Brian N Biglin
The Low Income Housing Tax Creit (LIHTC) is the largest subsidy for the development of affordable housing. This paper explains what developments are eligible for it, how it has been used, and its interaction with other legal frameworks. Most notably, this paper will show that the LIHTC has subsidized developments in poor areas of inner cities that generally house poor people almost exclusively, rather than mixing affordable housing with market-rate housing. This paper will show that the concentration of the LIHTC in inner cities is at odds with mandates such as New Jersey's Mount Laurel duty to develop affordable housing …