Low Income Housing Tax Credit (LIHTC)

A federal tax incentive that facilitates financing to develop low-income housing. The program provides dollar-for-dollar credit toward taxes owed by the housing owner. These tax credits can be sold, or used to back up bonds that are sold, to obtain financing to develop the housing.

Low Income Housing Tax Credit (LIHTC) is listed under:
Development
Housing
Rental Subsidies + Tax Breaks
Rental Subsidies + Tax Breaks
Related Terms:
421a
Affordable Housing
Area Median Income
Certificate of No Harassment (CONH)
Climate Mobilization ACT
Developer
Empire State Supportive Housing Initiative (ESSHI)
Extremely Low & Low-Income Affordability (ELLA)
FHEPS/CityFHEPS
Harassment
Holdover eviction
Homes and Community Renewal (HCR a.k.a DHCR)
Housing Stability and Tenant Protection Act (HSTPA)
Individual Apartment Improvements
J51
Major Capital Improvements
Market Rate Housing
Mix & Match
Neighborhood Pillars
Nonpayment eviction
Overcharge
Participation Loan Program (PLP)
Preferential rent
Project Based Vouchers (PBV) Section 8
Public Housing
Public land disposition
Regulatory agreement
Rent burdened
Rent Controlled
Rent Guidelines Board
Rent Regulated Housing
Rent Stabilized
Request For Proposals (RFP)
Resolution A
Right of First Refusal
Right to Counsel (RTC)
SCRIE/DRIE
Section 8
Senior Affordable Rental Apartments (SARA)
Shelter System
Subsidized Housing
Subsidy
Succession Rights
Supportive Housing
Supportive Housing Loan Program (SHLP)
Tax Break
Tenant Interim Lease program
Term sheet
Third Part Transfer Program (TPT)
Underwriting
Year 15
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