Staying Fit
The Low-Income Housing Tax Credit (LIHTC) is the federal government’s primary vehicle for producing affordable rental housing. It provides $8 billion in annual budget authority to state and local housing agencies to help produce new and rehabilitated rental housing for low-income households. The LIHTC has generated over 3 million housing units since its inception.
As the population ages and some LIHTC properties approach the end of their 30-year affordability requirement, the program must consider ways to address the increasing need for affordable rental housing.
MORE FROM AARP
Forum: Building Livable Communities for All Generations
Co-hosted by AARP and NHC, this forum will delve deep into the principles of livable communities, exploring how they enhance personal independence, allow individuals to age comfortably and safely in their homes, and provide opportunities for all residents, regardless of background and ability, to engage fully in civic, economic, and social life.
