Furman Center Releases Policy Brief on LIHTC Program Tenants
October 22, 2012: A new analysis released by the Furman Center and its Moelis Institute for Affordable Housing Policy, “What Can We Learn about the Low Income Housing Tax Credit Program by Looking at Tenants?” examines LIHTC tenant income to assess the extent to which the program’s target demographic is served. The brief finds that forty percent of LIHTC units house extremely low-income (ELI) households. In addition, the report finds that more than 70 percent of ELI households are in units receiving some form of rental assistance, which suggests that additional subsidies are crucial to the functionality of the program. In terms of rent burden, LIHTC tenants, particularly those without rental assistance, have higher rent burdens than HUD tenants. The full report may be accessed here.