Affordable Housing – Low Income Tax Credits
The Low Income Housing Tax Credit (LIHTC) program gives State and local LIHTC-allocating agencies the equivalent of nearly $8 billion in annual budget authority to issue tax credits for the acquisition, rehabilitation, or new construction of rental housing targeted to lower-income households. This indicator reports the total number of housing units benefiting from Low Income Housing Tax Credits.
Source
Source Description
The US Department of Housing and Urban Development (HUD) is a department of the Federal Government enacted to secure affordable housing for all Americans. With numerous housing assistance programs available, HUD acts to support home ownership, access to affordable housing free from discrimination, and community development.
Methodology
The Low-Income Housing Tax Credit (LIHTC) program is an indirect Federal subsidy used to finance the development of affordable rental housing for low-income households. Locations of LIHTC properties are acquired from the US Department of Housing and Urban Development (HUD) LIHTC Database. The most recent version of the LIHTC database contains information on over 40,000 projects placed in service through 2014. Characteristics of LIHTC-assisted housing properties and units are available summarized at the national, state, county and census tract levels.
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