Low Income Housing Tax Credit (LIHTC)
June 14, 2019
The Low Income Housing Tax Credit is a Federal housing assistance program through the Internal Revenue Service that provides tax incentives to owners of affordable housing. The program does not provide direct assistance to renters and is used to finance the construction (not the operation) of rental properties. Usually, LIHTC properties have units available for families earning 60% or less of the Area Median Income (AMI) and charge them lower than market rent.