Housing and policy experts agree that LIHTC has successfully increased the supply of affordable housing. But they also believe there's room for improvement.
A graphic showing buildings, some shaded in red, to illustrate Shelterforce's new Under the Lens series, LIHTC: The Good, the Bad, and the Very Complicated

LIHTC: How It Started, How It’s Going

The Low-Income Housing Tax Credit was created in a moment when other real estate tax preferences were going away—but at the time, no one expected it to grow into the main source of affordable housing finance in the country.

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An aerial view of a large, four-story, U-shaped housing development, still being built, and surrounded by settled neighborhoods on the three sides that are visible. The roof is white and the various sections of the exterior walls are blue, tan, brick, or white. The ground around the structure is still raw dirt, with several trucks and machines in view.

Can Residents Get More Out of Tax Credit Housing?

Arrangements in which LIHTC tenants share in the development’s financial benefits, or become partial or full owners, are rare—but some properties have pulled them off. This scan of several examples shows the possibilities—and the conditions needed for them to succeed.
On a lawn in front of a brick building with large glass panels that look as if they might have been garage bays at one point, stands a welcome sign made of mosaic tile. The underlying structure is invisible but may be concrete and forms a boxy semi-circle with a peak. The mosaic tiles are small and spell out "Welcome to Binghampton" in varied colors on a background of tiny black tiles. There are two stars over the letters B and I, and near the bottom is a band of freeform mosaics depicting faces. They're very small and hard to discern individually.

Memphis Is Shrinking. Here’s Why We Need to Change That

Memphis is struggling with a dwindling population, driven in part by a high crime rate and disinvestment in low-income areas of the city. What are local organizations doing to turn this around?
Transparent check mark over compliance related icons and words handwritten on white papers

How Are LIHTC Rules Enforced—And How Well?

LIHTC developers must follow strict affordability rules—and fulfill other promises—for at least 30 years. While industry insiders insist compliance rates are high, tenant advocates say noncompliance is a real problem.
A graphic showing buildings, some shaded in red, to illustrate Shelterforce's new Under the Lens series, LIHTC: The Good, the Bad, and the Very Complicated

LIHTC: How It Started, How It’s Going

The Low-Income Housing Tax Credit was created in a moment when other real estate tax preferences were going away—but at the time, no one expected it to grow into the main source of affordable housing finance in the country.
A graphic for Shelterforce's "Meet Me at the Intersection of Housing."

Meet Me at the Intersection of Housing, with Guest Dawn Kelly

Dawn Kelly, founder of the New York-based healthy food and beverage restaurant The Nourish Spot, chats with Shelterforce's Schlonn Hawkins about the connection between entrepreneurship, housing, building communities, and more.
A favela of Rio de Janeiro. In the foreground is a small white building with a corrugated tin roof. Beyond it, in the distance, is a hilly landscape covered with similar dwellings. Tall power lines are visible in the distance.

How Organizers in Rio’s Favelas Are Harnessing Solar Energy

Neighborhoods on the outskirts of Rio de Janeiro face a multitude of challenges, including social and racial inequity, and a lack of public services. This organization is hoping to prove that solar energy can benefit neighborhoods, lower electric bills, and provide jobs.
A view of a city from a grassy hillside. Just beyond the hill is a large settlement of one- and two-story houses, mostly visible by their roofs. Beyond them rises a steep, evergreen-dotted, and rocky mountain. The sky far beyond is white, except for a bit of blue at the right. No people are visible in this photo.

Western States Look to These Lands for New Affordable Housing

In several western states, state-owned trust lands were created to support schools and other community benefits.
View of brown-skinned hands holding a cellphone with charging cable attached. On the ground nearby are power strips with several other phones being charge.

Cellphones Are a Lifeline for Unhoused People—But Barriers Abound

A lack of internet access and charging stations makes it challenging for unhoused folks to maintain a working cellphone, posing a threat to their safety and ability to follow up with service providers or connect with employers.

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