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 U.S. 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 $7.4 billion in Low Income Housing Tax Credit equity through more than 100 investment funds.
- Financed over 1,600 LIHTC properties totaling more than 94,000 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 2008, of the 78 projects that our Investment Committee approved:
- Approximately 35 percent of all deals had no conventional debt
- More than 30 percent included green features
- Nearly 54 percent of all deals reached people earning less than 30 percent of the area median income (AMI)
Read more about our 2008 LIHTC portfolio in our Investor Report.
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