About the Housing Credit

AMERICA’S MAIN TOOL FOR CREATING AND PRESERVING AFFORDABLE RENTAL HOUSING
The Housing Credit has created and preserved more than 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.

AN ACCOUNTABLE PUBLIC-PRIVATE PARTNERSHIP SIGNED INTO LAW BY PRESIDENT REAGAN
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.

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

Learn More

A proven tool to address America’s affordable housing crisis: As rents continue to rise and wages remain stagnant, today there are 21 million households paying more than 30 percent of their income on rent with nearly 11 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.

AHTCC Twitter

The @USOCC and @FDICgov have released a proposed rule to modernize #CRA. We'll be analyzing and weighing in on the… https://t.co/7fDJ5jJWf6 Follow Us On Twitter

Latest Event

AHTCC 2020 Annual Meeting

Read More

Latest Blog Post

OCC and FDIC Release Proposed Rule on CRA Modernization

Today the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) issued a Joint Notice of Proposed Rulemaking on Community Reinvestment Act (CRA) Modernization. The OCC and FDIC will be seeking feedback during a 60-day comment period when it is officially posted in the Federal Register, likely in the

Read More

New Members

Key Bank
Gorman & Company
Utah Housing Corporation
Low Income Investment Fund
Jonathan Rose Companies

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

Families

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.

You can Help! Learn More

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!

Seniors

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.

You can Help! Learn More

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!

Veterans

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

You can Help! Learn More

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

Individuals with disabilities may experience limited job opportunities, reducing the income they can contribute toward rent and other necessities.

You can Help! Learn More

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!