HUD Reports on LIHTC Clustering

Also Reports on Aging in Place in Assisted Housing

HUDIn the December 2011 issue of ResearchWorks, the HUD Office of Policy and Development & Research surveyed Low Income Housing Tax Credit (LIHTC) projects in ten metropolitan statistical areas (MSA), including the New York MSA which includes 12 northern and central New Jersey counties. Findings included that in the New York MSA, 71% of projects were clustered – the highest percentage of the ten MSAs surveyed.

HUD concluded that federal incentives for development in specific areas may have led to the clustering and recommends incentives in how LIHTC allocations are made which could impact the locations of future projects.

In the same issue, HUD reports on its preliminary study which finds that elderly tenants in assisted housing stayed there until an average age of 78 with 27% staying until age 85.

The conclusion is made that with home modifications and support services with daily living activities, this population could “age in place” longer and avoid moving to costly long term care facilities before absolutely necessary.

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