The Mechanism And Effectiveness Evaluation Of Low-income Housing Tax Credit

Domestic affordable housing development has caused great financial burden to local government,How to attract private capital involved in affordable housing market is one of the most urgent problems in recent years.So,there is more valuable to explore low-income housing tax credit---The most successful affordable housing policy,,and the largest affordable housing financing policy.With a large number of foreign research to read.we have detailed understanding of LIHTC's mechanism:tax credit calculation,typical partnership structure,regulatory mechanism,history of the LIHTC.we establish a housing market model,through the economic and efficiency analysis of the LIHTC by using OLS regression analysis..Regression resault reveals that LIHTC policy has a significant positive correlation to the overall housing market supply.Furthermore,this paper through the collection of all kinds of public data and relevant government agencies report translation,we have a good study of LIHTC's development status and main problems encountered.Then,comparing with other housing policy analysis,we can have a comprehensive understanding of the outstanding effectiveness of the LIHTC.Finally,Combined with the practice development of affordable housing in our country,this paper made constructive comments for Chinese affordable housing development.Such as:Change financial support,incentive private capital,Improve the legal system and supervision mechanism,etc.