Housing - LIHTC

The Low Income Housing Tax Credit (LIHTC) program gives State and local LIHTC-allocating agencies the equivalent of nearly $8 billion in annual budget authority to issue tax credits for the acquisition, rehabilitation, or new construction of rental housing targeted to lower-income households. This indicator reports the total number of housing units benefiting from Low Income Housing Tax Credits.
Report Area LIHTC Properties LIHTC Units
Franklin County, PA 16 705
Pennsylvania 1,719 60,486
United States 43,092 2,784,155
Data Source: US Department of Housing and Urban Development. 2014. Source geography: County

Website Updated November 2017

Housing - LIHTC

Data Background

The US Department of Housing and Urban Development (HUD) is a department of the Federal Government enacted to secure affordable housing for all Americans. With numerous housing assistance programs available, HUD acts to support home ownership, access to affordable housing free from discrimination, and community development.

Methodology

The Low-Income Housing Tax Credit (LIHTC) program is an indirect Federal subsidy used to finance the development of affordable rental housing for low-income households. Locations of LIHTC properties are acquired from the 2015 HUD LIHTC Database . The most recent version of the LIHTC database contains information on the nearly 40,000 projects placed in service through 2014. Characteristics of LIHTC-assisted housing properties and units are also available summarized at the national, state, county and census tract levels.

Courtesy: Community Commons, <www.communitycommons.org>, November 2017