Another Model of Low Income Housing Tax Credit Development: Building Housing and Building Capacity

AFFORDABLE HOUSING AND PUBLIC-PRIVATE PARTNERSHIPS, pp. 51-67, Nestor M. Davidson & Robin Paul Malloy, eds., Ashgate Press, 2009

Georgetown Public Law Research Paper No. 10-08

18 Pages Posted: 24 Feb 2010  

Michael Diamond

Georgetown University Law Center

Abstract

This paper was first delivered at a conference on Affordable Housing and Pubic Private Partnerships at the University of Colorado Law School. It addresses the creation of community institutions able to acquire and wield power in the affordable housing realm. While this ability has generally been associated with buildings purchased and operated by tenant groups, the paper suggests other affordable housing situations, particularly those developed under the Low Income Housing Tax Credit program, in which the accretion of power can occur. It proposes a model of tenant involvement in development and operation of affordable rental housing that can, in certain circumstances, create the type of durable institution normally associated with ownership.

Keywords: Housing Policy, Low-Income Housing, Investment Tax Credit, Public Housing

JEL Classification: R21, R31

Suggested Citation

Diamond, Michael, Another Model of Low Income Housing Tax Credit Development: Building Housing and Building Capacity. AFFORDABLE HOUSING AND PUBLIC-PRIVATE PARTNERSHIPS, pp. 51-67, Nestor M. Davidson & Robin Paul Malloy, eds., Ashgate Press, 2009; Georgetown Public Law Research Paper No. 10-08. Available at SSRN: https://ssrn.com/abstract=1558479

Michael R. Diamond (Contact Author)

Georgetown University Law Center ( email )

600 New Jersey Avenue, NW
Washington, DC 20001
United States

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