meganderson1
Nigglet
Joined: 16 May 2011
Posts: 5
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 Posted: Mon May 16, 2011 3:58 pm Post subject: Low Income (Affordable) Housing Tax Credit (LIHTC) |
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Under this program, created in the 1986 Tax Reform Act, the U.S. Treasury Department allocates tax credits to each state based on that states population. These credits are then awarded to developers who, together with an equity partner, develop and maintain apartments as affordable units. Benefits are derived primarily from the tax credits over a 10 year period.
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