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South Carolina Housing Agency Postpones LIHTC Application Date Pending Legislation

Thursday, April 28, 2022 - 9:00AM

SC Housing has postponed the South Carolina 2022 low-income housing tax credit (LIHTC) full application deadline, due to pending legislation concerning the state credit. H.B. 5075 would restrict the allocation of the state credit to $20 million annually and define specific areas and types of housing that must receive at least a minimum amount of credits. SC Housing will provide a minimum 30 days’ notice for a new deadline and has posted an updated qualified allocation plan with clarifications.

The Novogradac Introduction to Low-Income Housing Tax Credits booklet provides an introduction to the basics of the LIHTC, including the interaction of state and federal credits.

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