Low-Income Housing Tax Credit Program

URI: https://gptkb.org/entity/Low-Income_Housing_Tax_Credit_Program
GPTKB entity
Statements (21)
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