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HUD Report: Nearly 60% of LIHTC Residents Earn at or Below 30% of AMI

Tuesday, March 2, 2021 - 1:00PM

Nearly 60% of residents in low-income housing tax credit (LIHTC) properties earn at or below 30% of the area median income (AMI), according to data released today by the U.S. Department of Housing and Urban Development (HUD). HUD released tenant-level data on people who live in LIHTC properties, including race, ethnicity, family composition, age and other factors. Starting this year, HUD released a document with background on the data and a brief explanation of the tables, along with Excel files with summary tables, replacing the annual “Understanding Whom the LIHTC Serves: Data on Tenants in LIHTC Units” reports. HUD released a documentation guide for the data, 2018 LIHTC tenant tables and a comparison of 2017 and 2018 property and tenant data submissions. HUD reports that 2.3% of LIHTC residents earn 0% of the AMI, while 57.6 earn 0.1% to 30% of the AMI.

The status of LIHTC residents and trends will be topics at the Novogradac 2021 Affordable Housing Virtual Conference, April 29-30.

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