Public Financing for Creating Affordable Housing Options in the United States‪.‬

INTRODUCTION This article will explore how to build affordable housing through using Low-Income Housing Tax Credits (LIHTC), Tax Incremental Financing (TIF), Homeownership Mortgage (HOME) Investment Partnership Act Program, Homeownership for People Everywhere (HOPE VI), and the National Park Services' (NPS) Federal Historical Preservation Tax Credits (HPTC). The Wisconsin Housing Economic Development Authority (WHEDA) is used as an example of how other state tax credit programs work throughout the United States. This article explores the use of tax credits as they are an essential part of the government's programs to encourage affordable housing. Subdivisions, condos, and apartment units can be built with these various sources of alternative financing. According to Malpazzi and Green (2002) there is no evidence that Section 42 developments in particular have a negative influence on surrounding property values, they may in fact enhance values even though they are perceived as a negative housing externality (26-28).