Review:
Low Income Housing Tax Credit Program
overall review score: 4.2
⭐⭐⭐⭐⭐
score is between 0 and 5
The Low-Income Housing Tax Credit (LIHTC) program is a federal tax credit program designed to incentivize the development of affordable rental housing for low-income individuals and families.
Key Features
- Tax credits for developers who build affordable housing
- Encourages private investment in affordable housing projects
- Helps address the shortage of affordable housing in the United States
Pros
- Increases the supply of affordable housing
- Provides financial incentives for developers to create affordable housing
- Promotes economic development in underserved communities
Cons
- Complex application and compliance process
- Limited funding available for the program
- May not fully address the housing needs of all low-income individuals