Low-Income Housing Tax Credit (LIHTC) Program
Forecasted
The Low-Income Housing Tax Credit Program from the Louisiana Housing Corporation incentivizes private investment in affordable rental housing through federal tax credits for new construction or rehabilitation.
Funder: Louisiana Housing Corporation
Due Dates (Anticipated): January 2027 (annual application deadline, projected)
Funding Amounts: Federal tax credits; typically covers 30% (4% credit) or 70% (9% credit) of qualified project costs; credits claimed over 10 years.
Summary: Provides federal tax credits to developers for the construction, acquisition, or rehabilitation of affordable rental housing in Louisiana.
Description
The Low-Income Housing Tax Credit (LIHTC) Program is a federal tax incentive administered in Louisiana by the Louisiana Housing Corporation (LHC) to encourage private investment in affordable rental housing. Through competitive annual application cycles, developers and investors can receive federal tax credits for constructing, acquiring, or substantially rehabilitating properties that provide rent-restricted housing for low-income households. The LIHTC program is a cornerstone of affordable housing finance, making projects financially feasible by reducing tax liability in exchange for long-term rent and income restrictions.
