Goal: Increase the Availability of Affordable Homes
Role: Generate Capital

Improve and Expand Use of the Low-Income Housing Tax Credit

The Low Income Housing Tax Credit (LIHTC) is one of the largest sources of federal funding for affordable housing, responsible for the creation or rehabilitation of over one million units of rental housing for low- and moderate-income families. The LIHTC is a federal program, but is administered principally through state housing finance agencies, giving states substantial discretion in setting priorities for allocating this valuable subsidy. The two types of tax credits - the 4 percent and the 9 percent - provide a range of opportunities for states and localities to increase and preserve the stock of affordable rental homes.

Strengthen the 9 Percent Low-Income Housing Tax Credit
Museum Place
The 9 percent Low-Income Housing Tax Credit is a prime financing tool for construction and rehab of affordable rental homes. By optimizing its use and creating innovative ways to apply the credits, states and localities can  create and preserve more rental units for low- and moderate-come families.

Expand Use of the 4 Percent Low-Income Housing Tax Credit
Chatham Square
The 4 percent Low-Income Housing Tax Credit program helps developers access capital for the construction and rehabilitation of homes for working families. Greater use of this renewable resource can help communities expand the amount of federal dollars available for affordable homes.