What are LIHTCs (Low-Income Housing Tax Credits)?
LIHTCs (Low-Income Housing Tax Credits) and the HUD 223(f) Loan Program
The Low-Income Housing Tax Credit, or LIHTC, is a federal tax incentive intended to increase the availability of low-income housing. The LIHTC credit can be claimed for up to ten years after the construction is completed and the property is leased up. LIHTC is available as long as the property follows LIHTC requirements, and can be used with HUD multifamily loans including 223(f) loans and HUD 221(d)(4) loans.