REPORT HIGHLIGHTS LIHTCS BENEFIT IN RURAL COMMUNITIES
The low-income housing tax credit (LIHTC) has been used to fund more than 7,600 affordable rental housing developments or more than 270,000 rental units in rural communities since the program’s inception in 1986, according to a report released today by members of the National Rural Housing Coalition (NRHC) and prepared by Rapoza Associates. The report, which analyzes the importance of the LIHTC in bringing affordable rental housing to rural communities, also found that 50 percent of all affordable housing financing used by NRHC members comes from the LIHTC. As such, the authors concluded that the LIHTC is “the principal tool used by rural communities to overcome unique barriers to clean, decent and affordable rental housing.”
Tune in to the Aug. 20 Tax Credit Tuesday podcast to hear more about what the LIHTC is doing for rural communities.