Updated LIHTC Project Data Released

June 2, 2009
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HUD announced that is has released an update of the LIHTC Database to include LIHTC-financed projects placed in service through 2006. The LIHTC Database is the only comprehensive source of information on the federal government’s program for the construction and rehabilitation of low-income rental housing.

The LIHTC database contains the following the following information:

  • Project location, including address, county, state, place, census tract, and latitude and longitude geocodes.
  • Contact information for project sponsors.
  • Number of total units and credit-eligible units.
  • Unit distribution by number of bedrooms.
  • New construction or rehabilitation status.
  • Credit type (30 of 70 percent of present value).
  • For-profit or nonprofit sponsorship status.
  • Tax-exempt bond or Rural Housing Service Section 515 financing.
  • Increased basis due to location in a Qualified Census Tract or Difficult Development Area.
  • Year placed in service and year credits were allocated.

Highlights of the properties placed in service from 1995 through 2006 are as follows:

  • On average, nearly 1,400 projects and 103,000 units were placed in service during each year.
  • LIHTC projects placed in service contained an average of 74 units.
  • Tax credit properties tend to be larger than the average apartment property: 45 percent of LIHTC projects are larger than 50 units, compared with only 2.2 percent of all apartment properties nationally.