LIHTC: Its Past and Current Main Attributes

The Low-Income Housing Tax Credit program (LIHTC or Lie-Tech) was created in 1986 by the Tax Reform Act of 1986 and signed into law by President Ronald Reagan. It has soon ripened into the federal government’s largest program for the development and restoration of affordable housing. The program invests over $6 billion dollars each year to produce 150,000 rental residential units and 100,000 jobs. So far, the program has enabled the rehabilitation of 2.5 million housing units. Between 1987 and {Read More}