Field Guide to Low-Income Housing Tax Credits
(Updated September 2008)
The Low-Income Housing Tax Credit (LIHTC) program is run by the IRS and allows companies to invest in low-income housing, while receiving 10 years of tax credits. This important program works with state housing finance agencies to administer the program on a state level. Housing credit units are privately owned by developers and are run at a profit. Investigate this complex program by reading the articles below. (A. Siudzinski, Information Specialist)
Background 
The Low Income Housing Tax Credit, (www.danter.com, Feb. 21, 2008).
Low-Income Housing Tax Credits, (United States Department of Housing and Urban Development, Mar. 2006).
Low-Income Housing Tax Credits: Helping Meet the Demand for Affordable Rental Housing, (AARP, Mar. 2006).
Tax credits encourage private capital and diverse housing, (Journal of Housing and Community Development, Jan./Feb. 2004).Q
Assessment of the Economic and Social Characteristics of LIHTC Residents and Neighborhoods: Final Report, (United States Department of Housing and Urban Development, Aug. 2000).
Case Studies & Success Stories
Dorchester affordable housing redevelopment gets financial boost, (Boston Business Journal, June 17, 2008).
Developing low-income housing takes tenacity, patience, (Kansas City Business Journal, July 4, 2008).
Turning tax credits into bricks and mortar, (National Real Estate Investor, Sept. 2006). Q
The Low Income Housing Tax Credit as an Aid to Housing Finance: How Well Has It Worked?, (Housing Policy Debate, Vol. 11, No. 1, 2000).
New Orleans Affordable Housing Case Study, (National Association of REALTORS® / University of New Orleans).
Appraisal Issues and LIHTCs
Tax credits, tax protests, (North Platte Bulletin, July 14, 2008).
Valuation of Texas LIHTC Apartments Restricted by Land Use Restriction Agreements, (The Appraisal Journal, Winter 2005). Q
Residential property: low income housing, (Assessment Journal, July/Aug. 2002). Q
Misconceptions associated with how income housing tax credit (LIHTC) valuations, (The Appraisal Journal, Oct. 2001). Q
eBooks & Other Resources
Books, Videos, Research Reports & More
The resources below are available for loan through Information Central. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Information Central at 800.874.6500 for assistance.
Recent financing developments relating to affordable housing, mark-to-market, Section 8 vouchers, FHA insurance and low income housing tax credits, (The Real Estate Finance Journal, Winter 2004, p. 18-24).
Recent study sheds light on low-income housing tax credits, (Real Estate Forum, June 2002, p. 70).
Low-income housing tax credit, (Urban Land, Nov. 1997, p. 48-51+).
Field Guides & More
These Field Guides and other resources in the Virtual Library may also be of interest:
Field Guide to Effects of Low-Income Housing on Surrounding Property Values
Field Guide to Social Benefits of Homeownership
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