What is a Low-Income Housing Tax Credit property?
Low-Income Housing Tax Credit property is a type of housing established through the Internal Revenue Service (IRS). The IRS gives tax credits to the states to build affordable rental units.
If you live in a tax credit property, your rent is based on the area median income. This amount may change throughout the year. Just like other subsidized housing, you may have more protections and regulations.
It is often difficult to figure out whether you live in a tax credit property, so please apply for our services when you have questions about your housing.