HONGKONGDIR

HOMECompaniesDictionaryFAQs

Home » Dictionary » Taxes » Low-Income Housing Tax Credit (LIHTC)

Low-Income Housing Tax Credit (LIHTC)

Definition
A federal program which gives financial incentives to developers of affordable housing units. This program, which has served to increase the availability of rental housing for low-income individuals and families, requires that rents remain at affordable rates for a period of 30 years.

Nearby Terms
Similar companies
Copyright © 2013 hongkongdir.com All Rights Reserved.
Provides public information about companies in the Hong Kong.