What Cities Have the Biggest Shortage of LIHTC Apartments

May 15, 2017                                                          By: Donna Kimura

Phoenix has the greatest mismatch between needy households and housing credits units, reveals study.

Phoenix has the largest disparity between needy households and low-income housing tax credit (LIHTC) units, according to a new report from MPF Research, the intelligence arm of RealPage.

The city has just 6.08 housing credit units per 100 low-income households, ranking it the lowest out of the top 50 apartment markets studied by the firm. Phoenix was followed by Pittsburgh (6.13) and Syracuse, N.Y., (6.27).

Several notable LIHTC developments, including Cedar Crossing by Native American Connections, have recently opened in Phoenix.

Looking at the other end, LIHTC apartments were the most prevalent in Richmond, Va., where there are 22 housing credit units for every 100 low-income households, according to researchers. Kansas City was next with 21.68 units followed by Virginia Beach/Norfolk, Va., with 21.05 units..........Read More