The Investment Appeal of Low Income Housing Tax Credits Overview of the LIHTC The Low Income Housing Tax Credit (LIHTC) provides incentives for corporations and individuals to invest in the acquisition‚ development and rehabilitation of affordable housing. The program offers federal tax credits to private equity investors that work with profit or non-profit developers in constructing or renovating rental properties for low-income tenants‚ those who earn 60 percent or less of the median family
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1. What were the causes of the Cuban Missile Crisis? How was it resolved? On the time of October 1962‚ an American spy plane in secret took pictures of nuclear missile locations being constructed by the Soviet Union in the beautiful island of Cuba. When the government of the United States learned about the missile demanded their removal‚ the most intense conflict of the Cold War leading a miscalculation that was not known if it was made by the White House or the Kremlin could have push forward a
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: Everyone including Moody’s played a large role in the financial crisis. The less qualified home buyers were told to lie in order to qualify for the mortgage loans and no one would verify their income or assets. Those home-buyers irresponsibly purchased houses that they couldn’t afford. The mortgage lenders produced more loans to people‚ then packaged them altogether to sell to investment banks. As a result‚ the mortgage lenders had more positive cash flow for producing more loans. This process
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When do you need a proactive crisis management plan? Although proactive crisis management is a must today for each and every business due to the uncertain nature of the business environment in today’s world‚ it is especially important for companies that operate in a very uncertain or risky environment and are expected to face crisis now and then. Proactive crisis management is forecasting potential crises and planning how how to deal with them. Potential crisis that may be forecast can run
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What’s the Problem? Local Officials’ Conceptions of Weaknesses in their Municipalities’ Crisis Management Capabilities Jerry Nilsson Department of Fire Safety Engineering and Systems Safety‚ Lund University Centre for Risk Analysis and Management (LUCRAM)‚ Lund University‚ PO Box 118‚ SE-221 00 Lund‚ Sweden. E-mail: jerry.nilsson@brand.lth.se It is becoming increasingly common for local-government officials (civil servants and political appointees) to take part in vulnerability analyses
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SIMILARITIES AND DIFFERENCES OF THE GREAT DEPRESSION AS COMPARED TO TODAY’S FINANCIAL CRISIS ABSTRACT The financial crisis which the United States is combating today‚ in many aspects resembles the characteristics and consequences which were the outcome of the Great Depression lasting from the time period 1929 till 1933 (Great Depression). The Great Depression of earlier times and the financial crisis of the current times from 2003-2008 will be studied in depth in the following research work in
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This cartoon was published on October 30‚ 1962 immediately after the thirteen days of the Cuban Missile Crisis by Edmund Valtmun. After 13 days of being on the brink of war‚ Khrushchev finally agreed to remove the nuclear missiles from Cuba. This cartoon depicts Khrushchev doing just that by way of dentistry in the mouth of Cuban leader Castro‚ saying “This Hurts Me More Than it Hurts You‚” revealing that the removal of missiles in Cuba ultimately meant that Khrushchev had lost the non-combat
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economy was moving at a slow space and at that point the declared recession. The financial crisis also known as the subprime crisis became noticeable when the U.S housing bubble sparked a fierce global economy crisis affecting the financial and industrial sectors of the world economy. The financial crisis that happened in 2008 as to Wikipedia is considered by most economists to be the worst financial crisis since the Great Depression in took place in the 1930’s. Large financial institutions collapsed
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Differentiate the causes of the Great Depression and 2008 financial crisis In October 2008‚ President Obama said that the United States is suffering the worst financial crisis since the Great Depression. As this crisis continues to develop‚ it has led to a global economic recession. At the beginning of the 2008 financial crisis‚ many people wondered: Will the current financial crisis be another Great Depression? Both the Great Depression of the 1930s and the current recession are world-wide‚ and
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Introduction: The economic and financial crisis from 2008 to 2009‚ also known as the global financial crisis‚ was considered to be the worst financial crisis since the Great Depression. The general situation at financial markets has been additionally complicated by introduction of new financial products and another mode of operations including globalization. Global financial markets seem to be playing different function in economy and it has been working due to new regulations. Introduction of new
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