Low Income Housing Tax Credit Program Participation
Low Income Housing Tax Credit (LIHTC) projects usually involve three main entities: developers, investors, and syndicators. The developers assemble a project proposal, including financial sources, and apply to the state administrative agency for tax credits. The state agency evaluates proposals and awards credits according to regulations and priorities...
The Low Income Housing Tax Credit (LIHTC) program was created by Section 42 of the Tax Reform Act of 1986. The program leverages the expenditure of public money in the form of uncollected tax revenue with private equity investment to fund low income housing development. Each state receives tax credits annually, based on a formula of $1.25 per capita....
