HUD Updates Low-Income Housing Tax Credit Database
HUD has announced it has completed updating its low-income housing tax credit database. The LIHTC program is the federal government’s primary vehicle for facilitating production of rental housing targeted to low-income households. Created by HUD and available to the public since 1997, the LIHTC database has been updated to include information on more than 29,225 projects and over 1.67 million housing units placed in service between 1987 and 2006.
Created by the Tax Reform Act of 1986, the LIHTC program gives states the equivalent of nearly $5 billion in annual budget authority to issue tax credits for the acquisition, rehabilitation, or new construction of rental housing targeted to lower-income households. The LIHTC database includes project addresses, number of units and low-income units, number of bedrooms, year the credit was allocated, year the project was placed in service, whether the project was new construction or rehab, type of credit provided, and other information on project financing.
To view the Web site, visit www.huduser.org/datasets/lihtc.html.
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