Report Finds Returns Offset Costs of LIHTC Incentive in Georgia
A report released today by the Georgia Affordable Housing Coalition and the University of Georgia concludes that the cost of the state’s low-income housing tax credit (LIHTC) is offset by the return generated. The Revisiting the Economic Impact of Low-Income Housing Tax Credits in Georgia report examined LIHTC developments between 2001 and 2019, finding that properties created or started in that window will generate more than $12 billion for the Peach State. For every net $1 of state income tax spent on LIHTCs, an additional $5.79 of economic activity was generated.
Deepen your knowledge about the LIHTC at the Novogradac 2023 Affordable Housing Conference April 27-28 in San Francisco.