Housing Credit Homes Offer Significant Rent Savings for Residents

New Moody’s and AHTCC analysis reveals on average, residents of Housing Credit properties pay $653 less on rent than market-rate, amounting to an annual savings of more than $7,800.

KEY HIGHLIGHTS

MEANINGFUL RENT SAVINGS

Monthly Savings: $653

Annual Savings: $7,800+

38% LOWER RENTS ON AVERAGE

Across 80 U.S. metro areas, Housing Credit rents are significantly more affordable than market rates.

SUPPORTING FAMILIES & COMMUNITIES

Savings empower residents to prioritize essentials like health care, groceries, and education.

DRIVING ECONOMIC GROWTH & STABILITY

Over 3.85 million homes created or preserved since 1986.

Nearly 9 million households served

$250 billion in tax revenue generated

“The rent savings highlighted by the Moody’s data demonstrate the important role LIHTC plays in the housing landscape.”

   – Nick Luettke, Associate Economist, Moody’s

The Low-Income Housing Tax Credit (Housing Credit) Explained:

LIHTC homes serve families earning 60% or less of the area median income

Rents are capped to ensure affordability

Built to enhance economic security and reduce inflationary housing costs

Learn more About the Housing Credit and How it Works.

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