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The Low-Income Housing Tax Credit LIHTC program helps create affordable apartment communities with lower than market rate rents by offering tax incentives to the property owners. It does not offer tax credits to the tenant renting the unit.
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Find the latest US. LIHTC properties may contain market rate units that are not financially assisted in addition to reduced rent LIHTC. The organizations that administer this program and own the properties are called Public Housing Agencies commonly called housing authorities which are funded and.
The Public Housing program provides affordable rental apartment communities and scattered homes and apartments known as scattered sites that give rental assistance to participants.
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