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Day: October 31, 2017

BREAKING DOWN AFFORDABILITY
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BREAKING DOWN AFFORDABILITY

ByAshley Penrod October 31, 2017April 20, 2023

LAYERS OF THE LOW-INCOME HOUSING TAX CREDIT (LIHTC) PROGRAM The Low-Income Housing Tax Credit (LIHTC) program was created via the Tax Reform Act of 1986 and nearly three million affordable housing units were built or “placed in service” between 1987 and 2015, per the Department of Housing and Urban Development (HUD). HUD budgets approximately $8…

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