The National Council of State Housing Agencies (NCSHA) recently released its 2011 Factbook, a comprehensive survey of housing finance agency (HFA) program activity. The report details the successes of the administration of federal housing programs including the Low-Income Housing Tax Credit (LIHTC), tax-exempt bonds, the Home Investment Partnerships (HOME) program, as well as Section 8 and other HUD programs. NCSHA publishes the Factbook annually to assist HFAs when comparing their programs and operations to those of other HFAs.
The report notes that:
- Since the LIHTC program began in 1987, HFAs have financed over 2.6 million affordable rental homes and have allocated over $12.6 billion in LIHTCs from their annual state ceilings to produce more than 1.78 million homes and financed over 825,000 additional homes with the 4 percent LIHTC and tax-exempt bonds.
- Use of LIHTC with tax-exempt bond financing increased to $228.3 million in 2011 from $186 million in 2010 and $201 million in 2009.
Click here to read NCSHA press release.
