Credit Period (LIHTC)

View All Glossary Definitions

In projects funded with Low Income Housing Tax Credits (LIHTC), with respect to any building, the span of taxable years begining with the taxable year in which the building is placed in service. The taxpayer may elect instead to designate the succeeding taxable year, but only if the building is a qualified low-income building as of the close of the first year of such period.

Affordable Housing Online has served low income renters in the U.S. for more than 15 years with the most complete and up-to-date info on low income housing, affordable housing, affordable apartments, subsidized housing, Public Housing and Section 8 Housing Choice Voucher (HCV) waiting list information. We provide current data on more than 77,500 apartment communities containing more than 6,229,000 apartment homes. We also provide detailed information about 4,058 local Public Housing Authorities (PHA) with housing authority contact, program, and current waiting list information - including instructions on how to apply for waiting lists and complete housing applications.