Low-Income Housing Tax Credit program

URI: https://gptkb.org/entity/Low-Income_Housing_Tax_Credit_program
GPTKB entity
Statements (25)
Predicate Object
gptkbp:instanceOf tax credit program
gptkbp:abbreviation gptkb:LIHTC
gptkbp:administeredBy gptkb:Internal_Revenue_Service
gptkbp:allocates gptkb:state_housing_finance_agencies
gptkbp:benefit developers of affordable housing
gptkbp:compliancePeriod 15 years
gptkbp:country gptkb:United_States
gptkbp:created 1986
gptkbp:duration 10 years
gptkbp:enactedBy gptkb:Tax_Reform_Act_of_1986
gptkbp:fundedBy gptkb:government
https://www.w3.org/2000/01/rdf-schema#label Low-Income Housing Tax Credit program
gptkbp:impact largest source of new affordable rental housing in the U.S.
gptkbp:provides federal income tax credits
gptkbp:purpose encourage private investment in affordable rental housing
gptkbp:relatedTo gptkb:Section_8
gptkb:building
gptkb:affordable_housing
gptkbp:requires rent restrictions
income restrictions on tenants
gptkbp:targetAudience low-income households
gptkbp:type non-refundable tax credit
gptkbp:website https://www.irs.gov/businesses/small-businesses-self-employed/low-income-housing-credit
gptkbp:bfsParent gptkb:The_New_York_State_Division_of_Housing_and_Community_Renewal
gptkbp:bfsLayer 7