The Effectiveness of Financial Support, Tax Incentive, and Zoning Bonus Aimed at Encouraging New Affordable Housing Supply in New York City

DOI Web Site 2 References

Bibliographic Information

Other Title
  • ニューヨーク市におけるアフォーダブル住宅の供給促進を目的とした金融支援・税制措置・容積率緩和の有効性に関する研究

Description

<p>The purpose of this paper is to clarify the effectiveness of public support to promote new affordable housing supply in New York City. Federal, state, and local government agencies offer various support such as low-cost financing, tax credit, and incentive zoning to encourage developers to build apartments which have housing units for low income households. This paper uses the discounted cash flow model to evaluate the development viability between projects with and without the affordable housing utilizing public support. The results show that the tax credit is the most powerful tool to increase the profitability of development in affordable housing units followed by incentive zoning and low-cost financing. However, since tax credit cannot only ensure enough project earnings, it is important to provide multiple public support.</p>

Journal

References(2)*help

See more

Keywords

Details 詳細情報について

Report a problem

Back to top