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Affordable Housing Development

Financial Feasibility, Tax Increment Financing and Tax Credits

  • Jaime P. Luque
  • Nuriddin Ikromov
  • William B. Noseworthy

Table of contents

  1. Front Matter
    Pages i-xiv
  2. Jaime P. Luque, Nuriddin Ikromov, William B. Noseworthy
    Pages 1-12
  3. Jaime P. Luque, Nuriddin Ikromov, William B. Noseworthy
    Pages 13-31
  4. Jaime P. Luque, Nuriddin Ikromov, William B. Noseworthy
    Pages 33-49
  5. Jaime P. Luque, Nuriddin Ikromov, William B. Noseworthy
    Pages 51-64
  6. Jaime P. Luque, Nuriddin Ikromov, William B. Noseworthy
    Pages 65-79
  7. Jaime P. Luque, Nuriddin Ikromov, William B. Noseworthy
    Pages 81-87
  8. Jaime P. Luque, Nuriddin Ikromov, William B. Noseworthy
    Pages 89-97
  9. Jaime P. Luque, Nuriddin Ikromov, William B. Noseworthy
    Pages 99-112
  10. Jaime P. Luque, Nuriddin Ikromov, William B. Noseworthy
    Pages 113-120
  11. Jaime P. Luque, Nuriddin Ikromov, William B. Noseworthy
    Pages 121-128
  12. Back Matter
    Pages 129-131

About this book

Introduction

This book explains the nuts and bolts of affordable housing development. Divided into two complementary sections, the book first provides an overview of the effectiveness of existing federal and state housing programs in the United States, such as the LIHTC and TIF programs. In turn, the book’s second section presents an extensive discussion of and insights into the financial feasibility of an affordable real estate development project. Researchers, policymakers and organizations in the public, private and nonprofit sectors will find this book a valuable resource in addressing the concrete needs of affordable housing development. 

“Luque, Ikromov, and Noseworthy’s new book on Affordable Housing Development is a “must read” for all those seeking to address the growing and vexing problem of affordable housing supply.  The authors provide important insights and practical demonstration of important financial tools often necessary to the financial feasibility of such projects, including tax-increment financing and the Low-Income Housing Tax Credit.  Further, the authors provide important backdrop to the affordability crisis and homelessness. I highly recommend this book to all who seek both to articulate and enhance housing access.” 

By Stuart Gabriel, Arden Realty Chair, Professor of Finance and Director, Richard S. Ziman Center for Real Estate at UCLA

"Over several years Jaime Luque, Nuriddin Ikromov and William Noseworthy applied their analytical bent, and no small measure of empathy, to homelessness as actually experienced in Madison, Wisconsin – and they inspired multiple classes of urban economics students to join them. “Homelessness” is a complex web of issues affecting a spectrum of populations, from individuals struggling with addiction or emotional disorders, to families who’ve been dealt a bad hand in an often-unforgiving economy.  Read this book to follow Jaime, Nuriddin, and William as they evaluate a panoply of housing and social programs, complementing the usual top-down design perspective with practical analysis of the feasibility of actual developments and their effectiveness. Analytical but written for a broad audience, this book will be of interest to anyone running a low-income housing program, private and public developers, students, and any instructor designing a learning-by-doing course that blends rigor with real-world application to a local problem."

By Stephen Malpezzi, Professor Emeritus, James A. Graaskamp Center for Real Estate, Wisconsin School of Business, University of Wisconsin-Madison, and Dean, Weimer School of the Homer Hoyt Institute.

 

Keywords

Real Estate Economics Urban Economics Regional Economics Finance Investment Affordable Housing Development Tax Incremental Financing Low Income Housing Tax Credits Spatial Feasibility Analysis Urban Planning TIF LIHTC Housing Economics

Authors and affiliations

  • Jaime P. Luque
    • 1
  • Nuriddin Ikromov
    • 2
  • William B. Noseworthy
    • 3
  1. 1.ESCP EuropeMadridSpain
  2. 2.California State UniversitySacramentoUSA
  3. 3.McNeese State UniversityLake CharlesUSA

Bibliographic information