Identifying Affordable Quality Housing Components for Developing a Smart Growth Model

Bakhtiar, Bardia and Ibrahim, Rahinah (2007) Identifying Affordable Quality Housing Components for Developing a Smart Growth Model. ALAM CIPTA, International Journal on Sustainable Tropical Design Research & Practice, 2 (1). pp. 41-48. ISSN 1823-7231

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Abstract

Smart growth development entails retracting the city, hence attempting to house low-income residents at new affordable housing facilities within a metropolitan area. This paper introduces the Low Income Housing Tax Credit (LIHTC) as an alternative funding source for developing affordable housing projects. This paper presents affordable housing and smart growth elements from two selected tax credit programs in the United States. It compares these elements with the Malaysian commitments in Agenda 21 and recommends the Malaysian Point System that supports both affordable housing and smart growth requirements. It presents nine affordable housing and eleven smart growth elements that the proposed Malaysian LIHTC supports. The model includes four additional elements that Malaysia has committed to fulfill its Agenda 21. The proposed model can become an alternative solution for housing developers in Malaysia who cannot rely on government subsidies to develop affordable quality housing for the growing nation.

Item Type:Article
Keyword:Smart Growth Development, Affordable Quality Housing, Financing
Faculty or Institute:Faculty of Design and Architecture
ID Code:2446
Deposited By: Muizzudin Kaspol
Deposited On:13 Nov 2009 07:06
Last Modified:27 May 2013 07:01

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