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 3.85 million affordable rental homes in urban, suburban, and rural areas, according to the National Council of State Housing Agencies (NCSHA).
- In 2021 and 2022, the Housing Credit produced or preserved roughly 138,000 homes annually, according to the NCSHA State Factbook meaning no other local, state, or federal program comes close to its level of production, from CohnReznick.