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When developers seek financial resources for affordable rental housing development, many combine funds generated through the Low-Income Housing Tax Credit (LIHTC) offered by the Internal Revenue Service with housing block grant funds provided through the HOME Investment Partnerships (HOME) Program administered by the U.S. Department of Housing and Urban Development (HUD). This publication, HOME and the Low-Income Housing Tax Credit Guidebook, provides technical guidance to HOME Program Participating Jurisdictions (PJs) on how to assess these HOME-LIHTC applications, and how to comply with the requirements of both programs for the successful development of affordable multifamily rental projects.
This book is intended for professionals who are beginning the process of learning about the federal low-income housing tax credit ("Housing Credit," also known as LIHTCs). Even the most capable student cannot obtain a working knowledge by reading one, or even several publications on the subject. The rules and practices are too complex, particularly for compliance. But every journey starts somewhere, and this book will help with your first application/allocation/closing/property--whichever role brings you to this industry.
"'Low-Income Housing Tax Credit Handbook' provides definitive guidance through the complex body of laws, regulations, and judicial decisions concerning the low-income housing credit (LIHC)"--
The Legal Guide to Affordable Housing Development is a clearly written, practical resource for attorneys representing local governments (municipalities, counties, housing authorities, and redevelopment agencies), housing developers (both for-profit and nonprofit), investors, financial institutions, and populations eligible for housing.
This book shows how to implement strategies for successfully managing affordable housing. It is the first book to combine property management with economic development--a new strategy that uses the resources of housing developments to create more stable communities.
The home, an essential part of the American dream, has been beset by troubles since the beginning of the Great Recession in 2007. Whether from an unstable housing economy, ever-rising energy costs, or the environmental ruin of urban sprawl, the origin and variety of these assaults can be bewildering. Surprisingly, some of the answers to many of these modern-day troubles lie in some of humanity's most ancient building techniques. Earth-sheltered building has existed since the heyday of Skara Brae in Scotland 5,000 years ago, and is used today by people around the world, from the Yaodong of north-west China to the subterranean residents of Coober Pedy, Australia, and even to converted missile silos in America. If you have ever looked at your power bill in stunned disbelief, if you are interested in green building techniques, or if you want your home to stand out (or hide out), then this book is for you. Contrary to popular misconceptions of being cramped, dark, or dank domiciles, earth-sheltered homes come in a number of different styles, incorporating brilliant techniques designed to bring light and air into the home. With The Complete Guide to Building Affordable Earth-Sheltered Homes, you will learn about the many different types of earth-sheltered homes and their various advantages, including a life span that can be two to three times longer than that of conventional housing, inexpensive building materials, and reduced maintenance costs. Additionally, the energy costs of an earth-sheltered home can be as much as 80 percent lower than a conventional homes power costs. The book will also examine the different environmental factors that you need to consider when selecting which style to build and how to begin, and carry out, your building process. Some of the factors discussed include the different types of soil and how to adjust to them, the level of precipitation and how to manage run off, and how to maximise use of natural light sources. Construction experts and earth-sheltered home builders have been interviewed and their expertise is included in this guide to help you learn how you can create your own underground home. Details of construction methods are found throughout the book, including tips and advice for planning, excavation, flooring, walls, framing, waterproofing, roofing, drainage, and insulation. You will also learn how to pour your own footings and floor, how to dry stack concrete block walls, how to use post and beam framing, and how to waterproof the membranes. With the information provided in this book, you can start planning and building your own earth-sheltered home in no time so that you, too, can benefit from the natural protection of the earth. If earth-sheltered building is good enough for Bill Gates $136 million mansion, then it just might be good enough for you too.