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.

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