Low Income - FAQs
What Is Low Income Housing Tax Credit
Finding affordable housing can be a daunting challenge for many individuals and families across the United States. With rising property costs and limited resources, low-income households often struggle to secure safe and affordable living spaces. One significant tool that helps address this challenge is the Low Income Housing Tax Credit (LIHTC) program. This program plays a crucial role in increasing the availability of affordable housing by incentivizing private investment. In this article, we will explore what the LIHTC is, its purpose, how it works, and its impact on the community, all while offering practical insights into related aspects of affordable housing.
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