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HUD TO SURVEY LOW-INCOME HOUSING TAX CREDIT PROPERTY OWNERS

Tuesday, May 11, 2010 - 2:15AM

The U.S. Department of Housing and Urban Development (HUD) today invited public comments on a proposed “Study of the Low-Income Housing Tax Credit (LIHTC) Program After 15 Years.” HUD’s Office of Policy Development and Research (PD&R) has commissioned this study to learn what happened to LIHTC properties after the first 15 years, when the original use restrictions for properties that received tax credit allocations before 1990 expired, and when some tax credit properties funded after that date also were able to leave the program. In a notice published in today’s Federal Register, HUD says a survey of LIHTC property owners is planned for the fall 2010. That survey will collect data on LIHTC property owners' experience with the program and gather information that factored into property disposition decisions. Data will also be collected on whether projects were sold and whether projects continued as affordable rental housing. Comments on the proposed survey will be accepted through July 12, 2010.

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