Housing Tax Credit (LIHTC)

The Housing Tax Credit Program (LIHTC) is designed to provide for-profit and nonprofit developers with an incentive to create and maintain affordable housing. This is the country’s most extensive affordable housing program. Developments that may qualify for credits include new construction, acquisition with rehabilitation, rehabilitation and adaptive reuse. Owners of and investors in qualifying developments can use the credit as a dollar-for-dollar reduction of federal income tax liability. Allocations of credits are used to leverage public, private and other funds in order to keep rents to tenants affordable.

SC Housing will hold a virtual 2021 QAP Developer’s Roundtable Discussion on Wednesday, September 30th at 10:00 a.m. (ET).

Go to: schousing.webex.com
Enter meeting ID: 132 446 6678
Enter password: Fg!Pc!Qm!98!

The purpose of this event is to engage in a productive discussion of processes, the QAP, and other polices. While any topic or issue is welcome, the following are of particular interest:

• Implementing the state tax credit (e.g., pricing)
• Parameters for allowing average income
• Design criteria (new construction and rehabilitation)
• Application submission requirements and timing
• Development cost limits and underwriting

This virtual conference will be recorded. Please click here for the NOTICE OF RECORDING AND INDIVIDUAL RELEASE.

Please submit your questions regarding Housing Tax Credits (LIHTC) via email to: taxcreditquestions@schousing.com.

Please email questions regarding the Housing Tax Credit Program (LIHTC) to taxcreditquestions@schousing.com.