HUD Publishes Study which Finds that Affordable Housing Remains Affordable 15 Years after Low Income Housing Tax Credits Take Effect - August 30, 2012

WASHINGTON – Since its inception, the nation’s Low-Income Housing Tax Credit (LIHTC) Program helped produce more than 2.2 million affordable apartments, accounting for roughly one-third of all multi-family rental housing constructed between 1987 and 2006.  A new report by the U.S. Department of Housing and Urban Development finds that after an initial 15-year required ‘affordability period,’ the vast majority of these LIHTC properties remain affordable for working families.

Please click here to read the full press release from HUD.