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NYU's FURMAN CENTER RELEASES ANALYSIS OF LIHTC TENANTS

Thursday, July 12, 2012 - 7:00AM

New York University’s Furman Center for Real Estate and Urban Policy has released preliminary results of a study of tenants living in low-income housing tax credit (LIHTC)-funded developments. “What Can We Learn about the Low Income Housing Tax Credit Program by Looking at the Tenants?” uses data that the U.S. Department of Housing and Urban Development collected from LIHTC property owners in 2010. The study encompasses approximately 8,000 developments in 15 states. The analysis reveals, among other things, that nearly 40 percent of LIHTC tenants are extremely low-income and 60 percent of LIHTC tenants have incomes at or below 40 percent of the area median income.

You can learn more about the Furman Center study by tuning in to the July 17 Tax Credit Tuesday podcast.

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