Data Shows LIHTC Program Aids Multifamily Construction

Subsidized affordable housing units, including Low-Income Housing Tax Credit units, constituted 32 percent of total multifamily construction completions in 2Q12, according to the Survey of Market Absorption of Apartments conducted by the U.S. Census Bureau and the Department of Housing and Urban Development. This statistic, up from an average of less than 20 percent year over year, illustrates the role of the LIHTC program in bolstering multifamily construction and providing affordable housing during the economic downturn.

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