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Urban Institute Report Highlights Challenges Faced by LIHTC

Friday, July 13, 2018 - 1:30PM

The low-income housing tax credit (LIHTC) is America’s most prolific source of funding for new affordable rental housing, but faces significant legislative and economic challenges, according to a report by Urban Institute released this week. The Low-Income Housing Tax Credit: Past Achievements, Future Challenges warns about the repercussions of cutting other federal housing programs that often pair with the LIHTC, the dangers of changes to the tax code and the consequences of insufficient tracking of the LIHTC. The 46-page report also highlights the importance of the LIHTC to rural communities.

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