Identifying affordable quality housing components for developing a smart growth model
Smart growth development entails retracting the city, hence attempting to house low-income residents at new affordable housing facilities within a metropolitan area. This paper introduces the Low Income Housing Tax Credit (LIHTC) as an alternative funding source for developing affordable housing...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Faculty of Design & Architecture, Universiti Putra Malaysia
2007
|
| Online Access: | http://psasir.upm.edu.my/id/eprint/2446/1/6-Bardia.pdf http://psasir.upm.edu.my/id/eprint/2446/ http://frsb.upm.edu.my/alamcipta/index.php/alamcipta/article/view/19/14 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | Smart growth development entails retracting the city, hence attempting to
house low-income residents at new affordable housing facilities within a
metropolitan area. This paper introduces the Low Income Housing Tax Credit
(LIHTC) as an alternative funding source for developing affordable housing
projects. This paper presents affordable housing and smart growth elements
from two selected tax credit programs in the United States. It compares these
elements with the Malaysian commitments in Agenda 21 and recommends
the Malaysian Point System that supports both affordable housing and smart
growth requirements. It presents nine affordable housing and eleven smart
growth elements that the proposed Malaysian LIHTC supports. The model
includes four additional elements that Malaysia has committed to fulfill its
Agenda 21. The proposed model can become an alternative solution for
housing developers in Malaysia who cannot rely on government subsidies to
develop affordable quality housing for the growing nation. |
|---|