Eriksen, Michael D.; Rosenthal, Stuart S. - In: Journal of Public Economics 94 (2010) 11-12, pp. 953-966
Since its inception in 1987, the Low Income Housing Tax Credit (LIHTC) program has ballooned into the largest ever source of subsidized construction of low-income housing in the United States, accounting for one-third of all recent multi-family rental construction. This paper examines the crowd...