Low-Income Housing Incentive Act

[AI summary unavailable — showing source text] Low-Income Housing Incentive Act - Requires a General Accounting Office study regarding public housing demolition and disposition and the need for larger public housing dwelling units. Directs the Secretary of Housing and Urban Development to carry out a five-year demonstration assistance program to State housing agencies for development of affordable rental housing. Requires participating housing agencies to carry out qualifying affordable housing incentive loan programs. Authorizes appropriations. Amends the United States Housing Act of 1937 to: (1) merge the section 8 certificate and voucher programs into a new low-income housing program; and (2) temporarily exclude from eligibility determinations income increases resulting from employment of previously unemployed family members.…