4 Cities Added to LIHTC Maps

Filed in Codes and Regulations, Housing Trends, Multifamily by on February 5, 2019 0 Comments

NAHB has added Detroit, San Diego, Tampa, Fla., and Minneapolis to its exclusive series of maps detailing metro areas where the Low-Income Housing Tax Credit (LIHTC) is used to develop new affordable homes and apartments.

Using LIHTC data from HUD and demographic and housing data from the U.S. Census American Community Survey, the NAHB Economics and Housing Policy group created maps of 25 metro areas that show the concentration of LIHTC units by Census tract, and break down each tract into various income levels: very low, low, moderate or high.

Members can use these maps to better understand the distribution of LIHTC housing in select metropolitan areas and to identify where additional housing may be needed.

Additional resources include links to existing opportunity zones, also sorted by Census tract. Interested developers can identify areas that not only lack affordable housing, but also offer possible opportunity zone funding to develop housing in that area.

Full-registration International Builders’ Show attendees interested in developing in opportunity zones can attend an education session focused on “How Builders & Developers Can Use the New ‘Opportunity Zone’ Tax Incentive Program” on Wednesday, Feb. 20, 8:30-9:30 a.m. in South 227.

This resource is one of the many membership benefits for Associate and Steering Committee members of the NAHB Housing Credit Group. NAHB will continue to update and provide additional maps to meet membership interest and demand.

To learn more about the LIHTC mapping tool, or how to access all 25 maps, visit nahb.org/lihtcmaps or contact Crystal Jackson at 800-368-5242 x8207.

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