The Low-Income Housing Tax Credit, explained

The Hodge, at 7th and P NW, was built using Low-Income Housing Tax Credits. 
This article was first published on January 9, 2017. We love being able to talk about and break down complex concepts and wanted to share this piece with you again. Figures are reflective of the original publishing date.
The Hodge, a 90-unit housing development in Shaw, offers affordable apartments for seniors in the District. To create these apartments, developers of the Hodge used the Low-Income Housing Tax Credit (LIHTC) program to partially finance the project. This post explains how the LIHTC works.
The LIHTC is the largest federal program for the production and rehabilitation of affordable housing. Unlike the Housing Choice Voucher (HCV) program, which helps low-income families pay their rent, the LIHTC program subsidizes the construction of apartments that rent for below market rate.

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