The
LIHTC Program is an indirect Federal subsidy used to finance the
development of affordable rental housing for low-income households.
The LIHTC Program may seem complicated, but many local housing and
community development agencies are effectively using these tax credits
to increase the supply of affordable housing in their communities.
This topic is designed to provide a basic introduction to the LIHTC
Program.
After
completing the topic, you will be able to:
-
Describe how housing tax credits work;
-
Identify the basic eligibility requirements to participate in
the program;
-
Explain how housing tax credits are allocated; and
-
Describe how developers syndicate tax credits in order to obtain
up-front equity capital.
This
topic will cover the following subjects:
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