Public Housing:

Low-Income Housing Tax Credit as an Alternative Development Method

RCED-93-31: Published: Jul 16, 1993. Publicly Released: Jul 16, 1993.

Additional Materials:


Office of Public Affairs
(202) 512-4800

Pursuant to congressional requests, GAO compared public housing authorities' (PHA) development of housing under the Public Housing Development Program and Low-Income Housing Tax Credit Program, focusing on the: (1) characteristics of the tenants served; (2) characteristics of the projects developed; (3) costs of each program to the federal government; and (4) administrative experiences of PHA when developing housing through each program.

GAO found that: (1) families with children were somewhat more likely to have serious housing problems than the elderly; (2) unlike the public housing program, the tax credit program did not provide PHA with an operating subsidy when tenants could not provide enough rent to cover operating costs; (3) the development of tax credit projects was not subject to Department of Housing and Urban Development (HUD) regulation and review; (4) HUD grants covered almost all of the public housing project development costs, while tax credits only generated enough cash to pay for more than half of the costs of developing the tax credit projects; (5) PHA had higher administrative costs when using the tax credit program; and (6) federal regulations and procedures for the public housing program greatly affected project development and completion.

Jun 26, 2020

Apr 30, 2020

Mar 17, 2020

Mar 3, 2020

Nov 20, 2019

Sep 25, 2019

Aug 2, 2019

Jun 20, 2019

Apr 10, 2019

Looking for more? Browse all our products here