The Low-Income Housing Tax Credit (Housing Credit) is our nation’s primary tool to create and preserve affordable rental housing.
- Since its inception in 1986, the Housing Credit has financed the development of 3.6 million affordable rental homes in urban, suburban, and rural areas, according to the National Council of State Housing Agencies.
- In 2019 and 2020, the Housing Credit produced or preserved roughly 130,000 annually, meaning no other local, state, or federal program comes close to its level of production, according to CohnReznick.