LIHTC: 30 Years of Making Impact

Published on Monday, March 28, 2016 - 12:00am

The federal low-income housing tax credit (LIHTC) became part of the federal tax code 30 years ago this fall, when President Ronald Reagan signed the Tax Reform Act of 1986. In the three decades since, millions of people have lived in homes provided by a program that also creates thousands of jobs and billions of dollars in income every year.

Over the 30 years, the beneficiaries of the America’s most successful affordable rental housing program have included low-income residents, business and the all levels of government, as seen below.

 

Blog Chart LIHTC by the Numbers
Click to Enlarge