[20191017]IF11335_低收入住房税收抵免：政策问题.pdf

https:/crsreports.congress.gov October 17, 2019The Low-Income Housing Tax Credit: Policy IssuesThe low-income housing tax credit (LIHTC) program is the federal governments primary policy tool for the development of affordable rental housing. The program awards developers federal tax credits to offset the cost of producing affordable rental housing for low-income tenants. The program, which was created by the Tax Reform Act of 1986 (P.L. 99-514), is estimated to cost the government an average of approximately $9.9 billion annually. Proposals in the 116th Congress would modify the LIHTC program, some of which would expand the program and increase its cost. This In Focus provides a brief overview of the LIHTC program and discusses select policy issues. For more detailed information on the program, please see CRS Report RS22389, An Introduction to the Low-Income Housing Tax Credit, by Mark P. Keightley. Overview of the Program LIHTCs are federal tax credits awarded to developers to offset construction costs in exchange for agreeing to reserve a fraction of rent-restricted units for lower-income households. The tax credits are claimed over a 10-year period. Because developers need upfr