Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. Tax Credit Property Definition: A tax credit property is an apartment building owned by a landlord who participates in the federal low-income housing tax credit program. Affordable Tax Credit Apartment Management. {AMI} You can learn more about DC’s tax credit program and qualifications here. One option is to see if you qualify for workforce housing otherwise known as Tax Credit Housing. Your email address will not be published. Also referred to as LITCH {Low-income tax credit housing}. Tax credit sometimes gets confused with subsidy programs or IZ units or other types of housing, but tax credits work a little bit different. The value associated with the tax credits allows residences in HTC developments to be leased to qualified households at below market rate rents. The LIHTC database, created by HUD and available to the public since 1997, contains information on 48,672 projects and 3.23 … How this works is explained in Calculating your Income Tax.. Everyone resident in Ireland is entitled to Personal Tax Credits.You may also be entitled to extra tax credits if, for example, you are: Menu Search. From creating unheard of building amenities to designing lounge-like leasing centers, to major Pinterest fails in the kitchen, she is ever experimenting. ), Seeking Space From Your Roommates During Self Isolation, Minimalist Lifestyle: Tiny Steps for Beginners, Property Spotlight of the Day-Crescent Park, Property Spotlight of the Day-Sherry Hall, Apartment Hunting? The Low-Income Housing Tax Credit (LIHTC - often pronounced "lie-tech", Housing Credit) is a dollar-for-dollar tax credit in the United States for affordable housing investments. The Low-Income Housing Tax Credit is a tax credit for real estate developers and investors who make their properties available as affordable housing for low-income Americans. Under the program a developer receives federal income tax credits over a 10-year period in exchange for (i) acquiring, rehabbing or newly constructing rental housing for low-income households, and then (ii) operating the project under LIHTC guidelines for a certain compliance period. These landlords get to claim income tax credits for eligible buildings in return for renting some or all of the apartments to low-income tenants at a restricted rent. Eviction is the process by which a landlord may legally remove a tenant from a rental property. It’s paid for by the federal government and administered by the states, according to their own affordable housing needs. Not one to settle for status quo, Holli has spent her 20 year career shaking up the multifamily industry. Is there more than one type of Tax Credit?