Valuation and Market Studies for Affordable Housing
Valuation and market studies for affordable housing.
Polton, Richard E.
Appraisal Institute, [c]2005
In order to aid the appraiser or market analyst in carrying out appraisals or market studies of different types of affordable housing units and projects, Poltor (who leads the affordable housing market study and valuation practice of Value Research Group, LLC, based in New Jersey) explains the evolution and current state of affordable housing programs, analyzes the place of affordable housing developments within the overall housing market, discusses how specific program requirements impact property rights and value, and describes how market participants value properties. He addresses rent restrictions characterizing the Low Income Housing Tax Credit Program, the subsidy process, tax assessment issues, and the Uniform Standards of Professional Appraisal Practice requirements.
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