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The Low-Income Housing Tax Credit (LIHTC) is the federal government’s primary way for producing affordable rental housing. LIHTC provides $8 billion in annual budget authority to state and local housing agencies to help produce new and rehabilitated rental housing for low-income households. The program has also generated over 3 million housing units since its inception.
Sources:AARP Public Policy Institute
AARP's Public Policy Institute
Short URL: http://www.advancingstates.org/node/69421