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Affordable Housing Development - Financial Feasibility, Tax Increment Financing and Tax Credits (Hardcover, 1st ed. 2019)
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Affordable Housing Development - Financial Feasibility, Tax Increment Financing and Tax Credits (Hardcover, 1st ed. 2019)
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This book explains the nuts and bolts of affordable housing
development. Divided into two complementary sections, the book
first provides an overview of the effectiveness of existing federal
and state housing programs in the United States, such as the LIHTC
and TIF programs. In turn, the book's second section presents an
extensive discussion of and insights into the financial feasibility
of an affordable real estate development project. Researchers,
policymakers and organizations in the public, private and nonprofit
sectors will find this book a valuable resource in addressing the
concrete needs of affordable housing development. "Luque, Ikromov,
and Noseworthy's new book on Affordable Housing Development is a
"must read" for all those seeking to address the growing and vexing
problem of affordable housing supply. The authors provide important
insights and practical demonstration of important financial tools
often necessary to the financial feasibility of such projects,
including tax-increment financing and the Low-Income Housing Tax
Credit. Further, the authors provide important backdrop to the
affordability crisis and homelessness. I highly recommend this book
to all who seek both to articulate and enhance housing access." By
Stuart Gabriel, Arden Realty Chair, Professor of Finance and
Director, Richard S. Ziman Center for Real Estate at UCLA "Over
several years Jaime Luque, Nuriddin Ikromov and William Noseworthy
applied their analytical bent, and no small measure of empathy, to
homelessness as actually experienced in Madison, Wisconsin - and
they inspired multiple classes of urban economics students to join
them. "Homelessness" is a complex web of issues affecting a
spectrum of populations, from individuals struggling with addiction
or emotional disorders, to families who've been dealt a bad hand in
an often-unforgiving economy. Read this book to follow Jaime,
Nuriddin, and William as they evaluate a panoply of housing and
social programs, complementing the usual top-down design
perspective with practical analysis of the feasibility of actual
developments and their effectiveness. Analytical but written for a
broad audience, this book will be of interest to anyone running a
low-income housing program, private and public developers,
students, and any instructor designing a learning-by-doing course
that blends rigor with real-world application to a local problem."
By Stephen Malpezzi, Professor Emeritus, James A. Graaskamp Center
for Real Estate, Wisconsin School of Business, University of
Wisconsin-Madison, and Dean, Weimer School of the Homer Hoyt
Institute.
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