Search results
Results From The WOW.Com Content Network
The Low-Income Housing Tax Credit (LIHTC) program is the most important resource for creating affordable housing in the United States today.
The Low-Income Housing Tax Credit (LIHTC) subsidizes the acquisition, construction, and rehabilitation of affordable rental housing for low- and moderate-income tenants. The LIHTC was enacted as part of the 1986 Tax Reform Act and has been modified numerous times.
As part of the Tax Reform Act of 1986, policymakers created the Low-Income Housing Tax Credit (LIHTC) to address the mismatch between housing supply and demand by encouraging developers to build units specifically allocated for residents with incomes below their area median income (AMI).
The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States that awards tax credits to housing developers in exchange for agreeing to reserve a certain fraction of rent-restricted units for lower-income households. [1]
What Is the Low-Income Housing Tax Credit? The Low-Income Housing Tax Credit (LIHTC) is a tax incentive for housing developers to construct, purchase, or renovate rental housing for low-income...
Learn how to qualify for a Low-Income Housing Tax Credit apartment. This easy-to-read guide covers all of the requirements to get housing with the LIHTC program.
Learn what the Low-Income Housing Tax Credit program is, and how it works for renters with low-incomes. This easy-to-read guide covers eligibility, applications, and more.
Under the program a developer receives federal income tax credits over a 10-year period in exchange for acquiring, rehabilitating, or newly constructing rental housing for low-income households, and then operating the project under LIHTC guidelines for a certain compliance period.
The Low-Income Housing Tax Credit (LIHTC) program was enacted as part of the Tax Reform Act of 1986. It is administered by the Treasury Department and State Housing Finance Agencies (HFAs).
The low-income housing tax credit (LIHTC) program is the federal government’s primary policy tool for encouraging the development and rehabilitation of affordable rental housing.