Introduction to Low-Income Tax Credits and Tax-Exempt Bonds

The Low-Income Housing Tax Credit (LIHTC) is a complex but crucial tool for subsidizing the acquisition, construction, and rehabilitation of affordable rental housing. Through this program, private investors receive a federal income tax credit as an incentive to make equity investments in affordable rental housing. Since 1986, nearly 3 million affordable housing units have been placed in service. This webinar will outline the basics of the LIHTC program, including how it works, process by which credits are allocated, the various partners involved, how financing is structured, how investors benefit from the program, and tenant characteristics properties. Enterprise Community Development and Enterprise Investment staff will share insights and expertise from both a developer and tax credit syndicator perspective, along with highlights of the program’s successes and challenges.