Low-Income Housing Tax Credits Program

The Federal Low-Income Housing Tax Credit (LIHTC) program is sponsored by the U.S. Treasury Department and administered by VHDA in  Virginia. The LIHTC program is authorized under Section 42 of the Internal Revenue Code of 1986, and it encourages the development of affordable rental housing by providing owners with a federal income tax credit. The program also serves as an incentive for private investors to participate with developers in the construction and rehabilitation of low-income housing.  For an in-depth review of the Section 42 Federal Low-Income Housing Tax Credit Program, click on the following link: http://unclefed.com/SurviveIRS/MSSP/lihc.pdf

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