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AHTCC Report Provides Guidance for Implementing, Streamlining State LIHTCs

Wednesday, October 11, 2023 - 9:00AM

The Affordable Housing Tax Credit Coalition (AHTCC) has released a report with guidance for stakeholders to streamline and implement state-level low-income housing tax credit (LIHTC) incentives. State Low-Income Housing Tax Credits: Recommended Practices and Considerations is intended to guide the legislative and regulatory development of new state LIHTCs, including encouragement to keep the statute simple (leaving specifics to the state qualified allocation plan), build on the federal incentive, authorize enough state tax credit authority to make a significant difference and take steps to increase investor appetite (including allowing bifurcation from the federal credit, offsetting a variety of state taxes and more). The report also lists several considerations for instituting a state LIHTC framework.

Learn more about the convergence of state and federal LIHTCs at the Novogradac 2023 Housing Tax Credit Finance Conference, Nov. 30-Dec. 1 in Las Vegas.

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