What Is the Low Income Housing Tax Credit (LIHTC) Program?

  • The Low-Income Housing Tax Credit (LIHTC) program helps create affordable apartment communities with lower than market rate rents by offering tax incentives to the property owners.
    • It does not offer tax credits to the tenant renting the unit.
  • LIHTC properties may contain market rate units that are not financially assisted, in addition to reduced rent LIHTC units under a tiered rent structure.
    • A tiered rent structure means that the same unit may have different rent amounts for tenants with different incomes.
  • Private management companies and individual owners manage these low-income housing apartment communities. LIHTC units may also have a rental subsidy program attached to them, such as the Project-Based Section 8 program.

Start the guide at Part 1: Who Qualifies for the Low Income Housing Tax Credit Program? or choose a topic from the list below.

Low Income Housing Tax Credit Guide