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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

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Last updated: Fri, Jan 3, 2025, 07:44:02 PM UTC