HUD Issues Annual Report on LIHTC Tenants
The U.S. Department of Housing and Urban Development (HUD) today published Understanding Whom the LIHTC Program Serves: Data on Tenants in LIHTC Units as of December 31, 2015. The study is HUD’s fourth annual report on the demographic and economic data for low-income housing tax credit (LIHTC) residents. HUD reports that the median income for LIHTC households in 2015 was $17,470 and that 44.5 percent of LIHTC households earned 30 percent or less of the area median gross income (AMGI). The median income was slightly more and the number of households earning less than 30 percent of the AMGI was slightly less than the 2014 numbers.