NHT Policy: LIHTC

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Home >Policy Advocacy > Low Income Housing Tax Credit

Low Income Housing Tax Credit

The Low Income Housing Tax Credit is a critical resource for preserving and improving affordable housing. In 2007, before investment declined, the tax credit was responsible for the preservation and rehabilitation of 65,000 affordable apartments, creating over 100,000 well paying jobs. Stimulating tax credit investment is now critical. The lack of investment capital is stalling affordable housing development at a time when the need is greater than ever.

Fact Sheets and Policy Briefs

Search for State and Local Preservation Resources: Our database of state and local preservation resources includes a summary of how each state allocates low income housing tax credits for the purpose of preserving affordable housing >>
Tracking chart showing how state housing finance agencies are responding to ARRA, including plans to implement the Tax Credit Assistance Program (TCAP) and 9% tax credit "exchange" program>> (April 2009)
Memo prepared by NHT highlights implementation strategies that would maximize the impact of TCAP and Exchange funds>> (May 2009)
Map showing how states prioritize 9 percent tax credits for preservation >> (November 2010)
Map showing how states allocated 9 percent tax credits for preservation in 2008 and 2009 >> (November 2010)
Map showing how states prioritize 9 percent tax credits for proximity to transit >> (November 2010)
Data sheet showing how 9 percent tax credits have been allocated for preservation in 2003 - 2009 >> (November 2010)
Data sheet showing how 4 percent tax credits have been allocated for preservation in 2003 - 2006 >> (November 2010)
Data showing 9% tax credits allocated to preservation vs. 9% tax credits allocated to new construction in 2007 - 2009 >> (November 2010)

Development Case Studies

Hazel Hill in Fredericksburg, VA: A Community Revitalized
Skyview Park in Scranton, PA: Stabilizing a Neighborhood