Building Affordable Rental Housing: An Analysis of the Low-Income Housing Tax Credit

Jean L. Cummings
Denise DiPasquale

February 1998

TABLE OF CONTENTS

I. BACKGROUND

A. INTRODUCTION
B. THE LIHTC PROGRAM
C. DATA AND METHODS

II. THE PROJECTS

A. PROGRAM VOLUME
B. PROJECT LOCATION
C. WHAT IS BEING BUILT

III. COSTS AND MARKETS

A. TOTAL DEVELOPMENT COSTS
B. LIHTC'S ROLE IN LOCAL MARKETS
C. LIHTC PROJECT LENDERS

IV. PERFORMANCE AND FUTURE PROSPECTS

A. PROJECT PERFORMANCE
B. INVESTORS
C. FUTURE PROSPECTS FOR THE LIHTC

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