HUD 223(f) Tax Credits

What are Tax Credits?

What are Tax Credits?

Tax credits are incentives that allow taxpayers to deduct certain amounts from the taxes they owe the government. When it comes to the HUD 223(f) loan program, the most common tax incentive program is the Low-Income Housing Tax Credit, or LIHTC. The LIHTC allows property owners to take a 10-year tax credit on their federal income taxes, as long as they keep their property’s rents under a certain limit.