The Low-Income Housing Tax Credit (LIHTC) program allows low and moderate-income renters to pay rent at an affordable rate. It is administered by the Internal Revenue Service (IRS).
LIHTC participants have a unit assigned to them by a federal housing authority, property owner, or private property management company.
For LIHTC apartments, the monthly rent is not adjusted by income, but it is lower than the market rate. There are also minimum income requirements, so low-income renters may not qualify for some LIHTC properties. And when looking for housing, the frequency of waiting list openings varies, depending on the area.
So, when there’s an opportunity to apply, it’s important to know the basics before submitting an application.
To learn more about the LIHTC program, start by reviewing how the qualifications for LIHTC apartments:
Housing options for renters with a criminal record.
A criminal history does not automatically disqualify a renter from federal housing assistance. But more serious offenses may make you inelligible if they were recent.Katana Keller says:
"As a disabled renter, searching online for places I could potentially live, and being kept up to date for many kinds of housing by Affordable Housing Online is very helpful."