Congress created the Low Income Housing Tax Credit (Housing Credit) in 1986 to encourage the construction and rehabilitation of affordable apartments by offering owners of such housing a credit against tax liability for 10 years. Advocating for support for the Housing Credit program is one of NCSHA’s Legislative Priorities. More...
Essential Housing Credit Information:
| 2012 NCSHA Housing Credit Factsheet | |
| Housing Credit Utilization Charts | |
Printer-friendly versionNCSHA Blog Posts
- May 16, 2013
The Senate Finance Committee yesterday considered in a closed-door members-only meeting options for reforming the tax code in the area of economic and community development, including housing.
- May 8, 2013
If current corporate tax reform efforts are successful, the resulting changes to the tax code will affect the amount of equity that can be raised from the low-income housing tax credit (LIHTC), according to a report, “Affordable Rental Housing After Tax Reform: Calculating Corporate Tax Reform's Possible Effects on Equity Raised from Low-Income Housing Tax Credits.”
Housing Headlines
- The Hill
- Bloomberg News
- Washington Post
News
- May 1, 2013
Commonwealth Cornerstone Group, a nonprofit community development entity created by the Pennsylvania Housing Finance Agency, has secured $45 million in new markets tax credit (NMTC) allocations from the U.S. Treasury Department's Community Development Financial Institutions Fund.
- April 25, 2013
The Wisconsin Housing and Economic Development Authority (WHEDA), through its Community Development Entity, the Greater Wisconsin Opportunities Fund, Inc. (GWOF), is the recipient of $35 million in New Markets Tax Credits (NMTCs) by the U.S. Department of the Treasury in the 2012 round of the NMTC program.
Events
- January 9, 2011
The Institute's four program-specific conferences will strengthen your understanding of program fundamentals and explore advanced techniques for administering the Low Income Housing Tax Credit; the HOME Investment Partnerships program; Mortgage Revenue Bonds, Federal Housing Administration and rural housing mortgage insurance; and HUD's Performance-Based Section 8 Contract Administration initiative.
- January 10, 2010
The Institute's four program-specific conferences will strengthen your understanding of program fundamentals and explore advanced techniques for administering the Low Income Housing Tax Credit; the HOME Investment Partnerships program; Mortgage Revenue Bonds, Federal Housing Administration and rural housing mortgage insurance; and HUD's Performance-Based Section 8 Contract Administration initiative.
Housing Credits - Resources
- May 17, 2013
The June 2013 Housing Credit percentages are:
7.39% for the 70% Present Value Credit
3.17% for the 30% Present Value Credit - April 25, 2013
Over the last few decades, multiple bills, first calling for Housing Credit and Housing Bond permanence and then for their increased authority, have won the support of huge, bipartisan majorities in both the House and Senate and within the House Ways and Means and Senate Finance Committees. The programs were two of only three temporary tax programs Congress in 1993 determined merited permanence, maintaining then and since the temporary status of many other tax provisions.
