Housing Tax Credit

The Housing Tax Credit, officially known as the Low-Income Housing Tax Credit (LIHTC), is a government program that encourages private developers to build affordable rental housing for low- to moderate-income families. By offering tax incentives, it makes these projects financially viable, helping to address housing shortages. Developers receive tax credits that they can sell or use to reduce their tax bills, spurring investment in affordable housing. This program has been a significant tool in increasing the availability of affordable homes across the United States.