An Introduction to the Low-Income Housing Tax Credit
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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An Introduction to the Low-Income Housing Tax Credit
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Mortgage Tax Credit Certificate (MCC)
www.fdic.govmum tax credit that may be taken for any given year at $2,000 for each MCC recipient. The MCC tax credit remains in place for the life of the mortgage, so long as the residence remains the borrower’s principal residence. The total MCC tax credit for each year cannot exceed the recipient’s total federal income tax liability for that
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www.hud.govThe Tax Credit ProgramThe Tax Credit Program A housing subsidy program for low-income rental housing C t d ithi S ti 42 f th I t l R C dCreated within Section 42 of the Internal Revenue Code A fedeede a co e ta c ed t t at s a ocated by eacral income tax credit that is allocated by each state’s housing finance agency
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www.urban.orgUnder the Low-Income Housing Tax Credit (LIHTC), operated by the US Treasury, the number of assisted households went up from 0.43 million in 2005 to 2.57 million in 2015. On its own, the LIHTC can only bring rents down to levels affordable to moderate-income groups, but