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THE LOW INCOME HOUSING TAX CREDIT: A SPATIAL ANALYSIS OF OHIO PROJECTS

by WYERMAN, KATY

Abstract (Summary)
In a 2006 Housing Policy Debate article, Kirk McClure asserted that the Low Income Housing Tax Credit (LIHTC) program is going mainstream and moving to the suburbs. This thesis tests whether McClure’s assertion holds true for the State of Ohio. The research also investigates whether a disproportionate number of suburban LIHTC projects are targeted for the elderly. Subsidized housing for the elderly receives less community opposition than housing projects for families, which may be an explanation for the LIHTC program’s presumed movement to the suburbs. A spatial analysis showed that Ohio’s LIHTC program is not moving to the suburbs. Furthermore — and in support of my hypothesis — the proportion of LIHTC projects targeted for the elderly was higher in suburban than urban areas, and within recent years, the proportion of elderly projects in the suburbs has increased dramatically. Interviews with key informants indicated that the increasing attention to elderly LIHTC projects is as expected partly attributable to a desire to avoid the community opposition that is often associated with family LIHTC projects. However, in addition, I found that developers prefer elderly projects because they are a better financial investment, score more points on the tax credit application, and support a growing demand for senior housing.
Bibliographical Information:

Advisor:

School:University of Cincinnati

School Location:USA - Ohio

Source Type:Master's Thesis

Keywords:low income housing tax credit lihtc elderly ohio finance agency

ISBN:

Date of Publication:01/01/2007

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