Resilience and Responsiveness: LIHTC Properties and the COVID-19 Pandemic
The COVID-19 pandemic created a worldwide health and economic crisis, disrupting virtually every area of life. This Novogradac special report focuses on what happened for affordable housing property owners, managers and tenants during the pandemic and what the effect will be going forward.
How LIHTC Properties Weathered the COVID-19 Pandemic and What to Expect in the Future
Using Novogradac’s proprietary dataset of information on properties financed by low-income housing tax credit (LIHTC) equity, as well as other LIHTC stakeholder and government data, the report provides a picture of what happened for occupancy, rent and operating expenses for LIHTC properties during the pandemic, as well as how demographics changed and how future income limits will be affected by COVID-19 repercussions.
The report includes insights from stakeholders on how the pandemic played out in real time, as well as what they expect in coming months and years.