NCSHA Releases Survey of HFA Program Activity
The National Council of State Housing Agencies recently released its 2011 Factbook, a comprehensive survey of Housing Finance Agency (HFA) program activity. The report found that the states allocated $978 million in low-income housing tax credits (LIHTCs)—$749.7 million from their annual state ceiling and $228.3 million to bond-financed properties—in 2011.
Overall, these housing credits will help produce 87,918 affordable rental homes around the country. Other findings include: