LIHTC
A federal tax incentive program that encourages private investment in the construction and rehabilitation of affordable rental housing for low-income households.
LIHTC is not a direct benefit — it funds the development of affordable housing units that then offer below-market rents.
Tenants in LIHTC properties must earn no more than 60% of the area median income (AMI). Rents in LIHTC units are capped at 30% of 60% AMI for the area.
→ Search affordable housing listings through your local housing authority to find LIHTC units.
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Frequently asked questions about LIHTC
What is LIHTC?+
LIHTC stands for Low-Income Housing Tax Credit. It's a special program from the government. It helps private companies build or fix up homes for people who don't earn a lot of money. These homes are then offered at lower rent prices to help families find an affordable place to live.
Who can get homes built with LIHTC?+
Families and individuals who have lower incomes can live in homes built with LIHTC. Each area has different rules about how much money you can make to qualify. The main goal is to help people find good, safe homes that they can afford without spending too much of their paycheck.
How do I find LIHTC properties?+
You can look for LIHTC properties through your local housing authority. They often have lists of affordable housing communities in your area. You might also find information on websites that specialize in affordable housing or by directly contacting property management companies that focus on low-income rentals.
What are the benefits of LIHTC?+
LIHTC helps create more affordable rental homes. This means more families can find safe and stable places to live, even if they don't have a high income. It also helps communities by providing good housing options for everyone, which can make neighborhoods stronger and better.