About the Housing Credit

The Housing Credit has created and preserved three million affordable homes for veterans, seniors, working families – from teachers and nurses to administrative employees and social workers – and people with special needs. The Housing Credit is America’s only significant source of affordable housing supply today.

Established in 1986, the Housing Credit harnesses the power and accountability of the private sector, incenting investment in the development of affordable housing that the market alone cannot provide.

State administration reduces federal costs and bureaucracy and ensures that properties serve the unique housing needs of urban, suburban, and rural communities nationwide.

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A proven tool to address America’s affordable housing crisis: As rents continue to rise and wages remain stagnant, today there are 21.3 million households paying more than 30 percent of their income on rent with 11.4 million paying more than half of their income. To address this crisis, the Housing Credit produces and preserves more affordable housing than any other program.

Part of America’s infrastructure of opportunity: For disabled, elderly and low-income Americans, high rents mean dangerous tradeoffs between bills, health care, and food, sometimes resulting in multiple moves and making it nearly impossible to hold a steady job or succeed in school. The Housing Credit has provided stable, affordable homes for seven million households, offering an opportunity to grab a rung on the ladder of upward mobility, freeing up income for other necessities, and providing a stable foundation to improve one’s own life.

A job-creating, economic stimulus for communities: The Housing Credit annually generates more than $9 billion in wages and business income and supports more than 110,000 jobs nationwide, increasing consumer spending and providing states and municipalities with tax revenue to reinvest in communities. Over its history, the Housing Credit has leveraged over $100 billion in equity capital.

Pay for performance, uniquely accountable: Unlike in a direct spending program, private investors – not the federal government – provide equity capital up front and bear the financial risk of development. Investors can claim credits only after properties are built and occupied by income-eligible residents at affordable rents. And, credits are subject to recapture if, in rare cases, properties fall out of compliance.

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Latest Event

2019 AHTCC Annual Meeting

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Latest Blog Post

NCSHA Releases Report on Housing Credit Development Costs

Today the National Council of State Housing Agencies released a report conducted by Abt Associates on Low-Income Housing Tax Credit (Housing Credit) development costs. The Government Accountability Office has been conducting an analysis on the same topic that will be released this month. The report found Housing Credit-financed apartments on average cost roughly the same

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New Members

Aurora Housing Authority
Washington State Housing Finance Commission
LDG Development, LLC
Kentucky Housing Corporation
National Housing Conference
National Association of Local Housing Finance Agencies

The Housing Credit Is Flexible In Serving Diverse Populations And In Meeting Local Needs:


For the 18 million children living in low-income families who pay more than 30 percent of their income on rent, necessities like food, school supplies, and healthcare are not guaranteed.

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For these families, affordable housing makes a real difference by freeing up limited income, providing a foundation from which parents can advance their careers, and giving children a safe and stable home to study and grow.

Contact your members of Congress now to encourage them to support the Housing Credit!


Nearly five million older adult households spend more than half of their income on rent. They face difficult tradeoffs between paying their bills, buying medications and food, and meeting their other needs.

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As the senior population continues to grow and rents continue to rise, so too will the number of seniors who are burdened by the cost of housing. The Housing Credit can help by incentivizing the production of affordable homes for seniors.

Contact your members of Congress now to encourage them to support the Housing Credit!


There are approximately 58,000 homeless veterans, while an additional 1.4 million veterans are at risk of homelessness.


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The Housing Credit attracts private investment to communities designed for veterans. Affordable housing combined with supportive services protects at-risk veterans from homelessness and gives the formerly homeless a place to thrive.

Contact your members of Congress now to encourage them to support the Housing Credit!

Supportive Housing

Many individuals with disabilities experience limited job opportunities, which reduces the income they can contribute toward rent and other necessities.

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Supportive housing financed through the Housing Credit provides much-needed affordable rental housing while empowering individuals and families to learn, grow, and meaningfully engage with their communities.

Contact your members of Congress now to encourage them to support the Housing Credit!