Created by the Tax Reform Act of 1986, the LIHTC program gives State and local LIHTC-allocating agencies the equivalent of approximately $10 billion in annual budget authority to issue tax credits for the acquisition, rehabilitation, or new construction of rental housing targeted to lower-income households.

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.

The Low-Income Housing Tax Credit (LIHTC) program in Florida is run by the Florida Housing Finance Corporation. Developers and Investors who participate in LIHTC get reduced federal income taxes in exchange for making an investment in an affordable housing development.

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.

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]

May 19, 2024 · 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...

Apr 26, 2023 · The low-income housing tax credit (LIHTC) program, which was created by the Tax Reform Act of 1986 (P.L. 99-514), is the federal government’s primary policy tool for the development of affordable rental housing.

The Low-Income Housing Tax Credit program (LIHTC) finances the construction, rehabilitation, and preservation of housing affordable to lower-income households. The LIHTC program encourages private investment by providing a tax credit: a dollar-for-dollar reduction in federal taxes owed on other income. Although the

Aug 11, 2020 · 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).

This chapter outlines policies and procedures for underwriting and reviewing FHA multifamily mortgage insurance applications for projects using Low-Income Housing Tax Credits. Standard processing of such applications applies except as modified below, and all LIHTC projects are underwritten using the “single underwriter model”.