What Is the Low Income Housing Tax Credit?

The video discusses the Low Income Housing Tax Credit (LIHTC), a significant federal program aimed at increasing affordable housing. It explains the mechanics of the tax credit, including its two types, and how it incentivizes developers to build affordable housing. The video also highlights challenges such as market dependency and legislative impacts, like the Tax Cuts and Jobs Act. Recent legislative efforts to improve the program are also covered, emphasizing bipartisan support for increasing the tax credit allocation.

What is the primary purpose of the Low Income Housing Tax Credit?

How does the Low Income Housing Tax Credit impact the construction of affordable housing?

What are the two types of tax credits available under the Low Income Housing Tax Credit program?

What challenges does the Low Income Housing Tax Credit face in meeting housing demand?

What recent legislative changes have been proposed to improve the Low Income Housing Tax Credit?