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Federal Low-Income Housing Tax Credit (LIHTC)

U.S. Department of Treasury / IRS (IRS)FED-LIHTC
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

United States

About This Program

The nation's largest affordable rental housing production program, providing dollar-for-dollar federal tax credits to developers who build or rehabilitate affordable rental housing and maintain income and rent restrictions for 30+ years.

Key Requirements & Eligibility

  • 1Developer must set aside 20%+ units for households at 50% AMI, OR 40%+ at 60% AMI
  • 2Rent restrictions: maximum 30% of qualifying income for set-aside units
  • 3Credits allocated by state housing finance agencies via Qualified Allocation Plan
  • 49% credits for new construction; 4% credits for acquisition/rehab with tax-exempt bonds
  • 530-year compliance period required; extended use agreements common

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

Real EstateConstructionGovernment & Nonprofit
Official Source