Adaptive Reuse topic: Low Income Housing Tax Credits

Adaptive Reuse topic: Low Income Housing Tax Credits

Article: LIHTC Basics
http://portal.hud.gov/hudportal/HUD?src=/program_offices/comm_planning/affordablehousing/training/web/lihtc/basics

This article on the HUD website gives an overview of LIHTC credits, eligibility requirements, how the credits work, and some issues related to selling of credits earned. Credits are awarded on a competitive basis and rental properties are required to maintain a certain number of apartments that are rented to low-income residents.

Article: Affordable Housing through Historic Preservation - Case Study
http://www.nps.gov/tps/tax-incentives/taxdocs/Affordable-Housing-Van-Allen.pdf

The case study details an example of how LIHTC incentives can be combined with historic preservation credits and other grants. This project in small town Iowa was almost able to avoid debt financing altogether by utilizing grants, tax credits and a non-profit equity fund. The developers raised over $1.4 million in equity by utilizing historic tax credits and LIHTC.

Article: Overview of the Low Income Housing Tax Credit Program (LIHTC)
http://nhlp.org/lihtcoverview

This article gives an overview of rhe LIHTC program with links to other resources about the Qualified Allocation Plan, LIHTC ownership, and LIHTC preservation.