LIHTC Database Redesign and Up and coming Inhabitant Information Accumulation Quarterly Lodging Market and Research Over

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LIHTC Database Update and Upcoming Tenant Data Collection Quarterly Housing Market and Research Update June 10, 2010. Michael Hollar, Economist Office of Policy Development and Research Economic Development and Public Finance Division. LIHTC Data Collection. Review of the LIHTC Program

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Slide 1

LIHTC Database Update and Upcoming Tenant Data Collection Quarterly Housing Market and Research Update June 10, 2010 Michael Hollar, Economist Office of Policy Development and Research Economic Development and Public Finance Division

Slide 2

LIHTC Data Collection Overview of the LIHTC Program New LIHTC Property Data Upcoming LIHTC Tenant Data Collection

Slide 3

Created in 1986 to empower private advancement of low-pay rental lodging. State HFAs distribute government assess credits to engineers who keep up lease/salary confinements. HUD's power is constrained to the assignment of DDAs and QCTs, which are geologically focused on regions for advancement. Outline of the LIHTC Program

Slide 4

Collection of LIHTC Data: In mid-1990's PD&R started gathering information from state HFAs on property attributes. The most recent upgrade incorporates properties set in administration through 2007. Information can be gotten to at: http://lihtc.huduser.org/

Slide 5

LIHTC Production Peaked in 2005

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Geographical Differences

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Geographical Differences LIHTC Projects Larger in South and West

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Geographical Differences LIHTC Projects Contain More Market Rate Units in Northeast and Less in South

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Geographical Differences LIHTC Units are Smaller in Northeast

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Geographical Differences LIHTC Units are Smaller in Northeast

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Geographical Differences Higher Percentage of Rehab Units in Northeast

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Geographically-Targeted Areas DDAs are ranges with high improvement costs. QCTs are evaluation tracts with high neediness rates or high rate of low-wage family units.

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Geographically-Targeted Areas LIHTC Properties in DDAs are Smaller

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Geographically-Targeted Areas Properties in DDAs have Fewer Restricted Units

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Geographically-Targeted Areas Similar Unit Size Across Areas…

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Geographically-Targeted Areas … however Differences in Distribution of Unit Size

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Geographically-Targeted Areas More Rehab in Designated Areas

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LIHTC Compared to Rental Market

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LIHTC Compared to Rental Market LIHTC Units Skewed to Lower Cost Areas

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LIHTC Compared to Rental Market LIHTC Units Locating in Higher Cost Areas

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LIHTC Tenant Data Collection: Housing and Economic Recovery Act (HERA) requires: State HFAs must give to HUD: HUD's Responsibility: Establish norms and definitions for the information accumulation. 3) Data must be gathered in any event yearly and made publically accessible. Salary; Use of Rental Assistance; Disability Status; Monthly Rental Payments Race; Ethnicity; Family Composition; Age;

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Initial Submission of New Data First information accumulation will include: All properties put into administration in 2008 & 2009. Every one of the occupants in LIHTC units as of Dec. 31, 2009. HUD is asking for information by September 30.

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