We characterize Housing Choice Voucher (HCV) use in Low-Income Housing Tax Credit (LIHTC) units with the intent to explore whether the subsidy overlap responds to needs unmet by the HCV program alone.
We make five contributions. We demonstrate that extant trimmed-mean and median CPI construction procedures depart from Bureau of Labor Statistics index construction procedures, and that the departures don’t make much of a difference.
We characterize Housing Choice Voucher (HCV) use in Low-Income Housing Tax Credit (LIHTC) units with the intent to explore whether the subsidy overlap responds to needs unmet by the HCV program alone.
We characterize rental subsidy use in units developed with construction subsidies and explore whether the subsidy overlap responds to needs unmet by a tenant-based program alone. We present a subsidy allocation model allowing for program complementarity to guide our analysis of multiple subsidy use in Low Income Housing Tax Credit (LIHTC) units.
We construct a nonseasonally adjusted version of the Cleveland Fed’s median CPI (“NSA-median”) and compare its performance as a measure of trend inflation to the median CPI and the core CPI.
Brazil is walking on a fence between sustainable and unsustainable public-debt dynamics. How it treads could affect not only its own economic prosperity but that of its neighbors, emerging markets in general, and U.S. financial institutions in particular. Relatively small improvements in Brazilian economic conditions and a continuation of that country’s recent fiscal improvements could push Brazil in the right direction, particularly if the dollar continues to depreciate.