Data Shows LIHTC Program Aids Multifamily Construction
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.
the full report.