This page is optimized for a taller screen. Please rotate your device or increase the size of your browser window.

What Happens to Low-Income Housing Tax Credit Properties after 15 Years?

Kimberly Burnett
Affordable Housing Tax Credit Coalition


September 12, 2012

How many properties leave the LIHTC program after reaching year 15? What types of properties leave? What types remain under monitoring by HFAs for compliance with program rules? What are owners’ motivations for staying or leaving? What are the implications of properties leaving the LIHTC program for the rental market? To what extent do properties that leave the LIHTC program continue to provide affordable housing? How do ownership changes and financing affect whether LIHTC properties continue to provide affordable rental housing and whether they perform well?