Tax Policy: Costs Associated With Low Income Housing Tax Credit Partnerships
GGD-89-100FS
Published: Jul 10, 1989. Publicly Released: Jul 10, 1989.
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Highlights
Pursuant to a congressional request, GAO provided information on the various fees and expenses associated with real estate partnerships that use the low income housing tax credit, focusing on the: (1) proportion of equity financing used for fees and expenses which reduce the amount of equity available for actual housing construction and rehabilitation; and (2) fees and expenses of low income housing tax credit partnerships which involve tax exempt organizations.
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FeesHousing constructionHousing repairsLow income housingReal estate taxesReal property acquisitionTax creditTax exempt organizationsLow-income housingIncome taxes