Nearly 500,000 LIHTC Units at Risk of Being Lost

October 18, 2018                      By: Christine Serlin

Report details challenges of properties reaching Year 30 between 2020 and 2029.

Almost half a million low-income housing tax credit (LIHTC) units will reach their 30-year mark and the end of their federally mandated affordability restrictions between 2020 and 2029, according to a joint report by the National Low Income Housing Coalition (NLIHC) and the Public and Affordable Housing Research Corp. (PAHRC).

Daniel Yentel

According to the report, this amounts to nearly one-quarter of all current LIHTC units. These 486,799 LIHTC units, which are located in over 8,400 properties, do not receive other types of subsidies that would extend their affordability. In addition, without new capital investment for rehabilitation, these units also are at risk of physical deterioration.

Based on data from the National Housing Preservation Database and other sources, Balancing Priorities: Preservation and Neighborhood Opportunity in the Low-Income Housing Tax Credit Program Beyond Year 30 details what’s at risk, the challenges that lie ahead for preserving the existing affordable housing stock, and solutions for a housing safety net.............Read More