Low Income Housing Tax Credit Sites Updated on PolicyMap!
With all the recent conversation about the escalating cost of rental housing, questions linger about the adequacy of the affordable rental housing supply. To help our users in understanding the location of affordable rental housing in their target area, we at PolicyMap are excited to announce an update to the Low Income Housing Tax Credits (LIHTC) dataset. LIHTC, a dollar-for-dollar tax credit created by Congress in 1986 to increase the supply of affordable housing, has become the largest federal funding source for the production of low-income housing in the country. The updated data, which comes from the Department of Housing and Urban Affairs’ LIHTC database, now includes projects that have been placed in service between 1987 and 2011. It includes a range of information about LIHTC projects, such as the percent of units that are low income, the allocation year and amount, and additional sources of funding received for the project.
We are excited to point out that one of our subscribers, Novogradac and Company, a national certified public accounting and consulting firm, has a LIHTC mapping tool on their site as well. In addition to exploring the HUD website, users interested in learning more about the LIHTC program and recent hot topics related to it will find many resources on Novogradac’s site as well.