What is Low-to-Moderate Income Housing?
Low-to-moderate income housing is subsidized housing intended for people whose incomes are low to moderate when compared to prevailing incomes. In general, all Section 8 housing must be intended for people with this income level. To determine what the rent limits are based on the low-to-moderate i
What are LIHTCs (Low-Income Housing Tax Credits)?
Low-Income Housing Tax Credits, or LIHTCs are federal tax incentive intended to increase the availability of low-income housing. LIHTC credits can be claimed for up to 10 years after the construction is completed and the property is leased up.
What are 4% and 9% LIHTC Credits?
Low-Income Housing Tax Credits , or LIHTCs, are used to either construct new rental buildings or renovate existing buildings. Two annual tax credits are available for HUD multifamily financing. The nature of the project dictates the credit received. The 4% tax credit (30% subsidy) is for th