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 2011 Legislative Priorities. More...
Essential Housing Credit Information:
| 2011 NCSHA Housing Credit Factsheet | |
| Housing Credit Utilization Charts | |
Printer-friendly versionNCSHA Blog Posts
- January 31, 2012
One of the first items Congress intends to accomplish in 2012 is extending the payroll tax holiday and forging agreement on a number of other expiring tax provisions. NCSHA and other industry stakeholders continue to advocate for an extension of the 9 percent minimum Housing Credit rate as part of tax extenders legislation. Beyond extending individual tax provisions, in the months ahead, the tax-writing committees are expected to continue holding hearings on comprehensive tax reform. - January 31, 2012The Irene and Lee Tax Relief Storm Recovery Act was introduced earlier this month to increase the Housing Credit ceiling for states impacted by Hurricane Irene or Tropical Storm Lee, namely, Connecticut, Delaware, the District of Columbia, Louisiana, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Puerto Rico, Rhode Island, Vermont, and Virginia.
Housing Headlines
- Internal Revenue Service
- Roll Call
- New York Times
News
- November 17, 2011
Oklahoma Housing Finance Agency’s Board of Trustees approved at its November meeting reservations of Affordable Housing Tax Credits totaling $5.6 million to build or rehabilitate affordable housing in Oklahoma. OHFA is the state’s tax allocating agency for AHTC. - October 13, 2011
The North Dakota Housing Finance Agency (NDHFA) has advanced $599,966 in low income housing tax credits (LIHTC) to CommunityWorks North Dakota and its partner, MetroPlains, LLC.
Events
- July 27, 2009
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
- January 24, 2012The February 2012 Housing Credit percentages are as follows: 7.42% for the 70% Present Value Credit 3.18% for the 30% Present Value Credit
- January 23, 2012
