The Low-Income Housing Tax Credit (LIHTC) program
From: HUD USER News
The Low-Income Housing Tax Credit (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. The database has been geocoded,
enabling researchers to look at the geographical
distribution and neighborhood characteristics of tax
credit projects. It may also help show how incentives to
locate units in low-income areas and other underserved
markets are working.
Data are available through the LIHTC Database Access
website at www.huduser.org/datasets/lihtc.html. In
addition to downloading the entire database, users may
extract limited sets of data by selecting only variables
of interest, filtering for variable values, or
restricting the geographic extent of their query
at lihtc.huduser.org. Updating the Low-Income Housing Tax
Credit Database: Projects Placed in Service through 2006,
a report presenting the results of the most recent update
can be downloaded, free of charge,
at www.huduser.org/Datasets/lihtc/report9506.pdf.
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