Federal Low Income Housing Tax Credit 4% (LIHTC 4%)

Program Status
Program Description

The LIHTC program provides incentives for developers to acquire, rehabilitate and/or build new low- or mixed-income housing through the allocation of federal tax credits that may be sold to corporations or investor groups to raise equity for a project. Allocated in conjunction with the issuance of Tax Exempt Bonds (TEBs), the resulting 4 percent credits and equity are used for the acquisition, rehabilitation, or new construction of affordable units. Applications may be submitted to CHFA at any time during the year or through the Developer Engagement Process, announced twice annually.

Program Type
Type of Funding
Source of Funds
Federal Housing Tax Credit Program
Funding Amounts/Limits

4% LIHTC is a US Treasury resource allocated by CHFA. Credit amounts are limited by eligible costs and overall TEB authority available in the state.

Target Population(s)

Low-income Households (renters)

Links to Additional Resources

Eligibility

Eligible Applicants
Eligible Project Size
Other Eligibility Guidelines

Application

Application Timeline

Rolling

Overview of Application Process

Submit a CHFA/DOH Consolidated Application through a SharePoint website. On request a SharePoint website will be set up for applicant.

Additional Information

Other Notes
Last Updated
June 6, 2024
Share the Post: