The Low Income Housing Tax Credit (LIHTC) is a federal tax credit created through the Tax Reform Act of 1986, and was designed to encourage private investment in affordable housing by commercial real estate stakeholders, whether it be in new construction, acquisition, or rehabilitation of existing rental housing. Since its inception, LIHTC has become both the most successful and the longest-running national affordable rental housing incentive program in history, as well as the most important resource for CRE professionals to create and preserve affordable housing in the United States.
Despite the enormous opportunity this has created, the complexity of the stakeholders, documentation and risk management compliance means that executing successful LIHTC deals requires working with a knowledgeable consultant.
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