AMERICA’S MAIN TOOL FOR CREATING AND PRESERVING AFFORDABLE RENTAL HOUSING
The Housing Credit is America’s main tool for creating and preserving affordable housing for veterans, seniors, working families-from teachers and nurses to administrative employees and social workers-and people with special needs, among others.
AN ACCOUNTABLE PUBLIC-PRIVATE PARTNERSHIP SIGNED INTO LAW BY PRESIDENT REAGAN
Signed into law by President Reagan, it is a public-private partnership that harnesses the power and accountability of the private sector, incenting investment in the development of affordable housing that the market alone cannot provide.
ADMINISTERED BY THE STATES; THE ONLY SOURCE OF SUPPLY
State administration reduces federal costs and bureaucracy and ensures that properties serve the unique housing needs of individual states in urban, suburban
and rural communities nationwide. Crucially, the Housing Credit is the only significant source of affordable housing supply.