The Low-Income Housing Tax Credit: Past Achievements, Future Challenges

Research Report

The Low-Income Housing Tax Credit: Past Achievements, Future Challenges

Abstract

Despite the housing affordability crisis many renters with low incomes face, most government resources for preserving and building affordable rental housing have dried up. This stagnation in federal housing assistance programs means that the low-income housing tax credit (LIHTC) program, which provides a federal income tax credit to private investors in eligible projects, is now the primary option for preserving and expanding the supply of affordable rental housing.

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