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 2009 Legislative Priorities. More...
Essential Housing Credit Information:
| 2010 NCSHA Housing Credit Factsheet | |
| Housing Credit Utilization Charts | |
Printer-friendly versionNCSHA Blog Posts
- July 20, 2010
Two critical NCSHA priorities—the Tax Credit Exchange Program extension and Housing Trust Fund and related voucher appropriations—face increased risk this week, as Senate Majority Leader Reid (D-NV) moves to replace the pending tax extenders and jobs bill, H.R. 4213, that contains them with a simple extension of federal unemployment benefits, calculating that the political imperative both parties feel to extend these benefits will provide sufficient Republican votes to pass it. - July 7, 2010
In June, New York University’s Furman Center for Real Estate and Urban Policy released a study, commissioned by the Local Initiatives Support Corporation and Enterprise, examining the effects of the Low Income Housing Tax Credit on developments in New York City.
Housing Headlines
- Apartment Finance Today
- Senate Committee on Finance
- House Ways and Means Committee
News
- June 17, 2010
Maryland Department of Housing and Community Development Secretary Raymond A. Skinner announced the results of its Spring 2010 competitive round for Federal Low-Income Housing Tax Credits and Rental Housing Funds for multifamily rental projects throughout Maryland. Developers of four projects with more than $45 million in total development costs received awards for the new construction of 184 rental units, including 38 units specifically targeting disabled residents. - June 8, 2010
Colorado HFA (CHFA) is pleased to share its latest YouTube video highlighting CHFA’s partnership with the Denver Housing Authority. CHFA awarded the Denver Housing Authority Low Income Housing Tax Credits (LIHTC) to support their revitalization efforts in the Curtis Park and Park Avenue neighborhoods. Hear about the scope of renovations that took place and how they are being received by residents and neighbors.
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
- July 21, 2010
The August 2010 Housing Credit percentages are as follows: 7.69% for the 70% Present Value Credit 3.30% for the 30% Present Value Credit - June 18, 2010
7.73% for the 70% Present Value Credit 3.31% for the 30% Present Value Credit
