AH236 The LIHTC Application ProcessAs part of the Tax Reform Act of 1986, the United States Congress created the Low-Income Housing Tax Credit (LIHTC) (IRC Section 42) Program to promote the development of affordable rental housing for low-income individuals and families. To date, it has been the most successful rental housing production program in the nation, creating hundreds of thousands of residences with very affordable rents. The Low-Income Housing Tax Credit, rather than a direct subsidy, encourages investment of private capital in the development of rental housing by providing a credit to offset an investor's federal income tax liability. This course gives you tips and guidance in submitting applications for state allocation of tax credits. This course is suggested for executive directors, project developers, tax credit specialists, board members and staff of state housing finance agencies.Course length: 2 Days Tuition: $ 500 Course counts toward a professional certificate: Yes |
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