Low-Income Housing Tax Credit

URI: https://gptkb.org/entity/Low-Income_Housing_Tax_Credit

GPTKB entity

Statements (39)

Predicate	Object
gptkbp:instanceOf	gptkb:tax_law
gptkbp:abbreviation	gptkb:LIHTC
gptkbp:administeredBy	gptkb:Internal_Revenue_Service
gptkbp:allocates	state housing agencies
gptkbp:annualAllocation	per capita basis by state
gptkbp:benefit	tax credits for investors
gptkbp:compliancePeriod	15 years
gptkbp:complianceRequirement	income restrictions for tenants maintain affordability rent restrictions
gptkbp:country	gptkb:United_States
gptkbp:created	1986
gptkbp:duration	10 years
gptkbp:effect	created millions of affordable rental units increased affordable housing supply leveraged private investment
gptkbp:enactedBy	gptkb:Tax_Reform_Act_of_1986
gptkbp:investor	corporations individuals
gptkbp:purpose	encourage investment in affordable rental housing
gptkbp:relatedTo	gptkb:Section_8 gptkb:Community_Development_Block_Grant gptkb:HOME_Investment_Partnerships_Program
gptkbp:statutoryReference	gptkb:Internal_Revenue_Code_Section_42
gptkbp:targetAudience	low-income households
gptkbp:type	federal tax incentive
gptkbp:usedFor	acquisition of affordable rental housing rehabilitation of affordable rental housing financing construction of affordable rental housing
gptkbp:website	https://www.irs.gov/businesses/small-businesses-self-employed/low-income-housing-credit
gptkbp:bfsParent	gptkb:New_Markets_Tax_Credit gptkb:Section_8_Housing_Assistance_Payments_Program gptkb:Low-Income_Housing_Credit gptkb:AHTCC gptkb:National_Equity_Fund gptkb:Internal_Revenue_Code_Section_42 gptkb:LIHTC
gptkbp:bfsLayer	8
https://www.w3.org/2000/01/rdf-schema#label	Low-Income Housing Tax Credit