What is the LIHTC program and how does it work?
The Low Income Housing Tax Credit, or LIHTC for its acronym in English, subsidizes the acquisition, construction, and rehabilitation of affordable rental housing for low- and moderate-income renters. The LIHTC was enacted as part of the Tax Reform Act of 1986 and has been modified numerous times. Since the mid-1990s, the LIHTC program has supported …