The County Housing Authority hereby provides notice of a public hearing regarding a proposed amendment to its 5-Year Public Housing Agency (PHA) Plan, specifically Section B.2 – Modernization Activities.
Affordable Housing
The Low-Income Housing Tax Credit program, often referred to as LIHTC, is the primary vehicle for housing authorities to develop new affordable housing.
The LIHTC program leverages private investment to create more affordable housing options for low-income individuals and families, which also helps address the shortage of affordable housing throughout the country.
Developers transfer tax credits to investors who then provide money to build or rehabilitate affordable rental units. These units must be rented to low-income individuals or families and are subject to rent restrictions to ensure affordability.