Review:
Low Income Housing Tax Credits
overall review score: 4.5
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score is between 0 and 5
Low-Income Housing Tax Credits (LIHTC) are a federal tax credit program designed to incentivize the development of affordable housing for low-income individuals and families.
Key Features
- Federal tax credit program
- Promotes affordable housing
- Encourages private investment in low-income housing
Pros
- Helps increase the supply of affordable housing
- Encourages private sector involvement in addressing housing needs
- Provides tax benefits to investors
Cons
- Complex application process
- Competition for credits can be fierce