The Low-Income Housing Tax Credit (LIHTC)
database, available to the public since 1997, was revised in February
2010 and includes information on nearly 31,251 projects and over 1.8
million housing units placed in service between 1987 and 2007. The
database details the size, unit mix, construction type, financing
sources, and location of individual projects. A set of 36 tables
report national and regional trends.
Created
by the Tax Reform Act of 1986, the LIHTC program allows authorized
state and local LIHTC agencies to allocate up to $8 billion in federal
tax credits for the acquisition, rehabilitation, or new construction of
rental housing targeted to lower-income households.
HUD's LIHTC database
is a source of information on individual LIHTC
projects.
Some Facts
(from the LIHTC database)
On average, nearly 1,450 projects and 108,000 units were placed in
service in each year between 1995 and 2007.
In
that same period, 32.4% of projects were located in the South, 26.7% in
the Midwest, 22.1% in the West, and 18.7% in the Northeast.
45.2% of the projects placed in service between
1995 and 2007 were in central cities, with 30.6% in suburbs and 24.2% in
nonmetropolitan areas.
In 2007,
one-quarter of LIHTC units were located in census tracts where over 30%
of households had incomes below the poverty line.