The LIHTC program is the predominate vehicle through which private equity is invested into large affordable rental housing projects in the United States. The program allocates federal tax credits to private investors in return for their capital contributions to a given project. It is one way the federal government provides market based incentives to investors to entice their participation in capital intensive projects that have a social benefit. However, it is not the only way that affordable housing is built or preserved. For this reason, it is important to note that this map does not represent the universe of affordable or publicly assisted housing in the Bay Area; it only shows those projects financed with the Low-Income Housing Tax Credit program.

For a better insight into how much is getting built, we’ve built a simple tool to show you all the Low Income Housing Tax Credit (LIHTC) developments across the state. These data represent activity from 1987 through 2014 which represents the beginning of the program the the most recent data available via HUD’s website here.

LIHTC is a federal funding source that lets state and local agencies issue tax credits for the acquisition, rehabilitation, or new construction of rental housing to lower-income households.

No data are perfect and and there are a few things to consider here:

  • The data stop at 2014;
  • When we geocoded the data not every project processed and so a few locations are missing from each area.
  • Most LIHTC developments are owned by Limited Partnerships or LLCs formed for specific projects, typically comprised of the tax credit investor and the housing developer.
  • LIHTC is not the only means to finance affordable housing.

Credit to John Cruz at our partners in STL for this post idea!

Grab the cleaned data for California here.

By | 2017-08-22T10:16:11+00:00 March 23rd, 2017|Categories: Economic Development, GIS & Mapping, Housing, Maps|Tags: , , , |

About the Author:

Spike has research experience in community development, housing, criminology, spatial epidemiology and reentry issues. He speaks nationally about data driven decision making and was chosen as one of Next American City’s Vanguard class of 2012 and honored as a White House Champion of Change in 2013. He’s a dad, husband and co-author for the new book on open public data: Beyond Transparency.

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