In 1993 the Clinton Administration and Congress made the low-income housing tax credit permanent.
In fact, the Low Income Housing Tax Credit is the most successful private-public partnership the nation has ever seen.
From a public policy perspective, the plan is at odds with Congress' recent moves to bolster the low-income housing tax credit program.
On a larger scale, Low Income Housing Tax Credit (LIHTC) funds like this one could potentially help the economy by spurring real estate development and investment.
The money will go into a Low Income Housing Tax Credit (LIHTC) that will give tax credits to builders and developers of homes for low-income families and senior citizens.
The most successful example of this case in recent years is the Low-Income Housing Tax Credit (LIHTC), the 1986 provision to the federal tax code that sparked a revolution in urban redevelopment and resulted in an upsurge of new organizations and activities to promote the development of low-income housing.
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This will be paid to people both in and out of work, replacing child tax credit, working tax credit, housing benefit and income support, among others.
Universal credit - being introduced by Work and Pensions Secretary Iain Duncan Smith this year - aims to simplify the welfare system by replacing a number of existing working-age benefits, including the income-based jobseeker's allowance, income-related employment support allowance, housing benefit, working tax credit, child tax credit and income support.
By the mid-1980s, riding the Reagan wave, the pair began lobbying Washington for a tax credit for low-income housing.
And we want to protect the tax cuts that are progressive in our tax code, particularly the earned income tax credit for low income people, the low income housing credit, and we want to try to protect the pension programs from being raided.
The limit on benefits would apply to the total received from jobseekers' allowance, income support, employment support allowance, housing benefit, council tax benefit, child benefit and child tax credit.
The government's Universal Credit will eventually replace housing benefits, jobseeker's allowance, tax credits, income support, employment and support allowance - formerly known as incapacity benefit - with a single payment.
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