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Preferred term

low-income housing tax credits  

Definition

  • The Low-Income Housing Tax Credit (LIHTC) program awards federal income tax credits to investors in selected newly built or rehabilitated rental housing that will be rented to low- or moderate-income households. The LIHTC program is now the nation's second largest rental assistance program, and the largest among the programs designed to produce affordable rental housing for low-income households. [Source: The Encyclopedia of Housing; Low-Income Housing Tax Credits]

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https://concepts.sagepub.com/social-science/concept/low-income_housing_tax_credits

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