Source: Enterprise Community Partners, Inc. and Local Initiatives Support
Corporation, Inc., 2010
From the report’s executive summary:
“Since the late 1980s, the Federal Low-Income Housing Tax Credit (LIHTC) has acted as an engine of affordable housing production, building about 2 million high-quality units that rent for amounts working families can afford to pay. Organizations working to improve conditions in low-income communities have also used the program to revitalize hundreds of once-downtrodden neighborhoods. Drawing on the program’s experience in New York City, this report joins a growing body of technical research examining the tax credit’s value to communities and low-income families nationwide.”
