3min chapter

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Ep 42: Vienna’s ‘Remarkably Stable’ Social Housing with Justin Kadi

UCLA Housing Voice

CHAPTER

How Does the Low Income Housing Tax Credit Program Work in the US?

80% of new construction in Austria between 1992 and 2002 received some kind of subsidies. In the US projects that receive subsidies tend to be deeply affordable and entirely reserved for low income households. Each unit requires very deep large subsidies on the order of several hundred thousand dollars certainly in California given our construction costs.

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