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Review:

Low Income Housing Tax Credits

overall review score: 4.5
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

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Last updated: Sat, Mar 1, 2025, 06:43:30 AM UTC