The Low-Income Housing Tax Credit portfolio grew by 481 properties, encompassing 125,876 units, from 2012 to 2013, according to recent data from HUD. The report was a follow-up to last year’s release of Understanding Whom the LIHTC Program Serves: Tenants in LIHTC Units. This increase is boosted by the fact that units in the District of Columbia, New Mexico, and one of New York City’s allocating agencies, the New York City Housing Development Corporation (HDC), reported data for the first time.
The data is collected as a result of the Housing and Economic Recovery Act (HERA), requiring each state housing finance agency that administers the LIHTC program to submit certain demographic and economic information on tenants in LIHTC units to HUD.
