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This paper compares the rent savings accrued by recipient households over the life-cycle of LIHTC projects to their allocated tax credits. A simple two-stage empirical procedure is developed and implemented for a selected medium sized MSA. Using hedonic pricing parameters estimated in the first...
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Fiscal stimulus has been suggested as a tool to prevent excessive price declines by creating incentives to increase current demand. In 2008 and 2009 the U.S. Congress passed several housing tax credits to encourage activity in the residential real estate market. This paper examines the impact of...
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