Affordable Housing Development Financial Feasibility, Tax Increment
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 LIH
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ffordable Housing Development Financial Feasibility, Tax Increment Financing and Tax Credits
Affordable Housing Development
Jaime P. Luque • Nuriddin Ikromov • William B. Noseworthy
Affordable Housing Development Financial Feasibility, Tax Increment Financing and Tax Credits
Jaime P. Luque ESCP Europe Madrid, Spain
Nuriddin Ikromov California State University Sacramento, CA, USA
William B. Noseworthy McNeese State University Lake Charles, LA, USA
ISBN 978-3-030-04063-5 ISBN 978-3-030-04064-2 https://doi.org/10.1007/978-3-030-04064-2
(eBook)
Library of Congress Control Number: 2019933391 © Springer Nature Switzerland AG 2019 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Springer imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Preface
This book grew out of a major class project that Professor Jaime Luque designed to give students real-world experience in solving problems after the fashion of the teaching style of Professor James A. Graaskamp. Graaskamp, who was a leader, establishing real estate as a field of academic training, consistently emphasized an ethics-based approach to the study, training, teaching, and practice of real estate development. Following upon Graaskamp’s inspiration, this course was awarded the prestigious Ideas Worth Teaching Award by the Aspen Institute, placing Professor Luque’s course among just 20 exceptional peers who led courses in 2018 at top-ranking business programs across Europe, the Middle East, North America, and the Pacific. Most importantly, it was the content of the course, especially that which focused on addressing a local affordable housing crisis, that motivated this award and, indeed, this book. Both students and local community figures from the municipal and county levels saw tremendous benefit from it
