Low-Income Housing Tax Credit

Low-Income Housing Tax Credit,

Low-Income Housing Tax Credit Meanings:

  • A simple definition of Low-Income Housing Tax Credit is: The Low Income Housing Tax Credit (LIHTC) is a tax incentive for real estate developers to build, buy or renovate homes for low-income individuals and families. Low-income tax credits are included in the 1986 Tax Reform Act.

    • Social Interest Housing Tax Credit (LIHTC) subsidizes the establishment of Social Interest Housing by offering a 10-year tax credit for these projects.
    • The LIHTC is administered by the federal government and allocated to the population-based states.
    • To be eligible for LIHTC, a project must require tenants who earn less than the average income in the area for a period of 15 years.
    • At the state level, more viable projects compete for loans rather than loans.

Literal Meanings of Low-Income Housing Tax Credit

Low:

Meanings of Low:
  1. In a low position or condition.

  2. More or less

  3. Bottom point, level or number.

  4. Above ground or below average height.

  5. Below average in volume, dimension or low intensity.

  6. Arrange yourself in other important people or things or in class.

  7. (Sound or voice) loud or not clear.

  8. No depression or any energy.

  9. It makes a different sound.

  10. A roar came from the cattle.

Sentences of Low
  1. He squeezed, bending down to cover his face

  2. Their popularity rating is at an all-time low.

  3. The school is a tall, low-rise building

  4. Raising low-income children

  5. Lower level jobs

  6. Deep and loud sound

  7. I feel weak

  8. The cattle roar

Synonyms of Low

lowest level, downcast, economical, cheap, humble, plebeian, woebegone, short, moderate, low-priced, lowly, miserable, faint, low-spirited, morose, low-bred, fed up, moody, bottom, stifled, glum, reasonable, low-water mark

Income:

Meanings of Income:
  1. Money received regularly for work or investment.

Sentences of Income
  1. Have a good house and a decent income.

Synonyms of Income

remuneration, pay, wages, salary, emolument, stipend, earnings

Housing:

Meanings of Housing:
  1. Houses and apartments are viewed collectively.

  2. Hard box that connects and protects sensitive and mobile devices.

  3. A hole or crack is made in a piece of wood so that another piece can be attached to it.

  4. A cloth cover that is placed over the horse for protection or decoration.

Sentences of Housing
  1. Affordable housing

  2. Greenhole added, "Noise will not be a matter of noise because of modern sound equipment and speakers.

  3. Which house / seal is designed for wet areas?

  4. Outside were elephants and horses, luxurious dwellings, armchairs and garbage trucks, four carts in hand, then equipped with Rolls-Royce and Daimler.

Synonyms of Housing

capsule, encasement, casing, homes, houses, cover, enclosure, holder, shell, case, covering, places of residence, jacket, buildings, container, sheath

Tax:

Meanings of Tax:
  1. Tax (on something else)

  2. High demands (power or resources)

  3. Confront a crime or offense (from someone).

  4. Investigation and evaluation (file fee)

  5. Mandatory taxes levied by the state, employees' income and company profits are taxed by the government, or some goods, services and transactions increase in value.

  6. One type or more demand.

Sentences of Tax
  1. Hardware and software are taxed at 7.5%

  2. He knew that the next test would test his full strength.

  3. Why are you blaming me for these baseless allegations?

  4. Government employees who collect expenditure accounts

  5. Higher taxes will reduce consumer spending

  6. Readers' attention more

Synonyms of Tax

censure, strain, fee, demand a tax on, blame, tariff, pressure, levy, imposition, burden, confront, weigh heavily on, make demands on, stress, impose a toll on, tithe, charge, impost, denounce, duty, demand, excise, weight, encumbrance, assessment, toll, drain, charge duty on

Credit:

Meanings of Credit:
  1. Publicly recognizing someone as a production participant (something to be published or broadcast)

  2. Add to the account (amount of money).

  3. Belief (no wonder or impossible)

  4. The ability of the user to receive goods or services prior to payment based on the belief that payment will be made in the future.

  5. An entry that records the amount received, to the right or in the Accounts column.

  6. Public acknowledgment or appreciation, usually what is given or received when one's responsibility for an action or ideology becomes clear.

  7. Completion of a course or activity is confirmed by the student, who counts toward obtaining a degree or diploma listed in the Catecin School Register

  8. The quality is reliable or credited.

Sentences of Credit
  1. The script is attributed to an American author and two Japanese authors

  2. You may not believe it but it is true

  3. Columns must be included and the debit amount must be equal to the credit amount.

  4. The president claims all the success for himself

  5. Cicero's abstract philosophy lost its credibility

Synonyms of Credit

financial status, trust, attribute, tributes, solvency, respect, approval, have faith in, credibility, regard, believability, believe, give credence to, acknowledgement, financial standing, acclaim, recognition, praise, count on, have confidence in, depend on, hat tip