North Carolina Report: LIHTC Created $75 Billion in Property Value

Monday, June 11, 2018 - 10:45am

The low-income housing tax credit (LIHTC) has created $75 billion in property value, $923 million in tax revenue and 137,000 jobs in North Carolina over the history of the program, according to a report by the North Carolina Housing Finance Agency (NCHFA). The report details that the LIHTC has financed 83,000 apartments in the state, including 35,600 in rural areas. The NCHFA report also says that every dollar in LIHTC equity saves as much as $3 in taxpayer health care dollars.