New Report Examines Impact Of LIHTC On Rural Communities

摘要

A recent report conducted by Rapoza Associates entitled "The Low-Income Housing Tax Credit: Overcoming Barriers to Affordable Housing in Rural America" examines the importance of the low-income housing tax credit (LIHTC) in the developing and preserving affordable housing in rural communities. According to the report, LIHTC has been used to fund more than 7,600 affordable rental housing developments or more than 270,000 rental units in rural communities since the program's inception in 1986. The report notes that rural communities face significant barriers to clean, decent, and affordable rental housing. Due to lower incomes and higher poverty rates, far too many rural families live in rental housing that is either too expensive or in substandard condition. In fact, nearly 30 percent of all rural households-or more than 7.3 million families-live in housing with at least one major afford-ability, quality, or crowding issue.