Nine Billion Dollars Per Year Allocated For Low Income Housing Tax Credits (LIHTC)
Investing in affordable housing is not just about constructing buildings; it's about building communities and providing vital support for those in need. One powerful tool for incentivizing the creation of low-income housing is through tax credits. These credits not only benefit developers but also play a crucial role in addressing housing shortages and promoting socioeconomic diversity. Let's explore how tax credits can pave the way for the development of much-needed low-income housing.
52,000+
PrOjects
Between 1987 and 2021
$9 BIllion
IN LIHTC
Allocated by the U.S. Government Annually
3.55M
Housing units
Placed in Services Between 1987 and 2021
What are Affordable Housing Tax Credits?
- Affordable Housing Tax Credits, also known as Low-Income Housing Tax Credits (LIHTC), are federal tax credits designed to encourage private investment in affordable housing projects.
- Developers who participate in LIHTC programs receive credits based on the number of qualified affordable housing units they create and maintain over a designated compliance period.
- These tax credits provide a dollar-for-dollar reduction in federal income tax liability, making them a valuable financial incentive for developers to undertake low-income housing projects.
Why Do Governments Offer Tax Credits For Affordable Housing?
- By leveraging tax credits for low-income housing development, developers can contribute to the creation of vibrant, inclusive communities where individuals from diverse socioeconomic backgrounds can thrive.
- Affordable housing projects supported by tax credits help address housing shortages, reduce homelessness, and provide stable housing options for low-income families, seniors, veterans, and individuals with special needs.
- Additionally, the construction and operation of affordable housing developments stimulate economic growth in surrounding areas.
Unlock valuable financial incentives while leaving a lasting imprint on housing affordability and community progress.
Contact Our Team To Learn More
About These Lucrative Tax Credits
LIHTC Form
Unlock valuable financial incentives while leaving a lasting imprint on housing affordability and community progress.
Tax credits serve as a powerful instrument for encouraging the establishment of low-income housing.
Contact the experts at Growthlogics today to learn how we can help you take advantage of these meaningful credits.
$3 Billion
in Incentives
Captured By Our Credit Experts
170 YEARS
of experience
Collectively From Our Credit Leadership
Led by Tax Attorneys, CPAs & Credit Experts
Our leadership has over 150 years of combined tax experience. With $3 billion in incentives captured, you are in good hands with GrowthLogics.
Quality Guaranteed
Growthlogics provides clients with a comprehensive credit packet, detailing your business's eligibility, qualifications, and calculated credits.
Maximum Credit Yield
When you work with Growthlogics, all tax credit and incentive opportunities are explored with a comprehensive business analysis, uncovering full eligibility potential.
