Low-Income Housing Tax Credit

How do you qualify for LIHTC?

To qualify for admission, applicants must fall within the unit's income limits. This is usually 50% or 60% of the AMI (Area Median Income). In addition, LIHTC owners cannot discriminate against voucher families and must accept Section 8 voucher tenants.

LIHTC Admissions, Rents, and Grievance Procedures | NHLP

Is there a low-income housing tax credit in Canada?

The LIHTC would provide tax credits to for-profit or nonprofit owners of rental housing that is used for long-term low-income housing. ... The LIHTC is a better way for Canadian Mortgage and Housing Corporation (CMHC) to disburse money to lower levels of government for the purpose of building social housing.

A Canadian Low-Income Housing Tax Credit | The Homeless Hub

What is the LIHTC program?

Created by the Tax Reform Act of 1986, the LIHTC program gives State and local LIHTC-allocating agencies the equivalent of approximately $8 billion in annual budget authority to issue tax credits for the acquisition, rehabilitation, or new construction of rental housing targeted to lower-income households.

Low-Income Housing Tax Credit (LIHTC) | HUD USER