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Harvard Report Highlights Importance of LIHTC

Wednesday, June 24, 2015 - 7:00AM

The Joint Center for Housing Studies of Harvard University (JCHS) recently released its The State of the Nation’s Housing 2015 report. The report provides an annual assessment of the housing market, demographic trends within the market and challenges faced by U.S. households. The report found that, as the primary source of financing for the construction and preservation of affordable housing, the low-income housing tax credit (LIHTC) faces increasing pressure that is exacerbated by a lack of other federal funding caused by cuts to the U.S. Department of Housing and Urban Development (HUD) HOME funds. The report also calls for the LIHTC program to be expanded.

Tune in to the June 30 Tax Credit Tuesday podcast to learn more about the report.

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