The Low Income Housing Tax Credit (LIHTC) is a 20-year old federal program that accounts for nearly 90 percent of all affordable rental housing created in the United States today. The LIHTC program has been instrumental in meeting the country’s critical affordable housing shortage by stimulating the production or rehabilitation of nearly 2 million affordable rental homes.
Enterprise helped write the legislation that created the tax credit program, and is among the leading syndicators of LIHTC equity.
- Raised over $7.2 billion in Low Income Housing Tax Credit equity through more than 95 investment funds
- Financed over 1,600 LIHTC properties totaling more than 93,000 affordable housing units under asset management
We continue to find and structure projects that both meet the company’s mission and prudent underwriting standards. In 2007, of the 96 projects that our Investment Committee approved:
- Approximately 46 percent of all deals had no conventional debt
- Another 27 percent included green features
- Nearly 50 percent of all deals reached people earning less than 30 percent of the area median income (AMI)
Read more about our 2007 LIHTC portfolio in our Investor Report. |
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