Transcription of An Introduction to the Low-Income Housing Tax Credit
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An Introduction to the Low-Income Housing Tax Credit Updated January 26, 2021. Congressional Research Service RS22389. SUMMARY. RS22389. An Introduction to the Low-Income Housing January 26, 2021. Tax Credit Mark P. Keightley The Low-Income Housing tax Credit (LIHTC) program is the federal government's primary policy Specialist in Economics tool for encouraging the development and rehabilitation of affordable rental Housing . The program awards developers federal tax credits to offset construction costs in exchange for agreeing to reserve a certain fraction of units that are rent-restricted and for lower- income households.
Jan 26, 2021 · The low-income housing tax credit (LIHTC) program, which was created by the Tax Reform Act of 1986 (P.L. 99-514), is the federal government’s primary policy tool for the development of affordable rental housing. LIHTCs are awarded to …
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