Low-Income Housing Tax Credit Program

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:tax_credit_program
gptkbp:abbreviation	gptkb:LIHTC
gptkbp:administeredBy	gptkb:Internal_Revenue_Service gptkb:state_housing_finance_agencies
gptkbp:allocates	allocated to states based on population
gptkbp:country	gptkb:United_States
gptkbp:duration	tax credits claimed over 10 years
gptkbp:enactedBy	gptkb:Tax_Reform_Act_of_1986
gptkbp:established	1986
gptkbp:provides	tax credits to private developers
gptkbp:purpose	encourage private investment in affordable rental housing
gptkbp:relatedTo	gptkb:Section_8 gptkb:building gptkb:affordable_housing
gptkbp:targetAudience	low-income households
gptkbp:type	federal housing subsidy
gptkbp:website	https://www.irs.gov/businesses/small-businesses-self-employed/low-income-housing-credit
gptkbp:bfsParent	gptkb:New_York_State_Homes_and_Community_Renewal gptkb:New_York_State_Division_of_Housing_and_Community_Renewal
gptkbp:bfsLayer	8
https://www.w3.org/2000/01/rdf-schema#label	Low-Income Housing Tax Credit Program