02/07/2024 | Press release | Distributed by Public on 02/07/2024 09:07
Helping lenders serve homebuyers and homeowners with affordable mortgages
Financing for quality, affordable rental housing in every market, every day
Reducing risk and enhancing housing finance liquidity
This review explores literature assessing the Low-Income Housing Tax Credit (LIHTC) program. As the primary subsidy for affordable housing production and preservation in the U.S., there is a growing policy and research interest in this program. LIHTC has also been recognized as a tool for building equitable and inclusive communities. Scholars have been examining various aspects of the program such as production, operation, spillovers, policy levers, and tenants. There is a consensus that LIHTC plays a critical role in producing affordable housing. There is, however, ongoing debate about its reach and other impacts. Scholars have suggested potential avenues for improvement.