affordable housing tax credit

The Affordable Housing Tax Credit is a government program that encourages private developers to build or renovate affordable rental housing for low- to moderate-income people. By providing tax credits, the program reduces the financial risks for developers, making it more attractive to invest in affordable housing projects. When developers use these credits, they can lower their tax bills, helping ensure that safe, decent, and affordable housing options are available for those who need them. This initiative promotes community stability and addresses housing shortages by leveraging private sector investment.