Low Income Housing - Indiana
Low Income Housing
Barry Wood Assessment Division Director
January 2016
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Low Income Housing
? Background ? Pedcor Investments Case ? How to Value a Low Income Housing Property ? Recent Tax Court and IBTR Cases ? Questions
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Low Income Housing
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Low Income Housing
? Background ? Assistance Programs ? The United States Housing Act of 1937:
? Provide financial assistance to states and cities for public works projects.
? Slum clearance and the development of affordable housing developments for low income residents.
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Low Income Housing
? The Housing and Community Development (HCD) Act of 1974: ? Created a new federally assisted housing program: Section 8 Certificate program. ? Federal housing payments were made directly to private owners of rental housing. ? Eligible families generally contributed 30% of their adjusted income and the program paid 70%.
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