Closed for Martin Luther King, Jr. Day
County Housing will be closed on Monday, Jan. 20, 2025, in observance of the holiday. We will reopen at 8:30 a.m. on Tuesday, Jan. 21, 2025.
Closed for Martin Luther King, Jr. Day
County Housing will be closed on Monday, Jan. 20, 2025, in observance of the holiday. We will reopen at 8:30 a.m. on Tuesday, Jan. 21, 2025.
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.
For a full list of all of County Housing’s properties, visit our Properties page.
LIHTC properties are privately owned developments subsidized through federal tax credits. These properties are typically managed by private real estate companies or nonprofit organizations.
LIHTC properties serve a range of income levels, from very low-income to moderate-income households.
LIHTC properties offer a degree of tenant choice, allowing residents to select from available units within the development. They may offer different amenities depending on the development’s design.
The LIHTC program provides subsidies to property owners in the form of tax credits, which incentivize them to offer affordable rents to eligible tenants. The tenants themselves do not receive direct rental subsidies.
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.
Use the Missouri Housing Development Commission’s Affordable Housing Locator tool at http://ahl.mhdc.com/
LIHTC housing accepts renters based on their income, however it varies across properties. Contact the property manager for guidance.
LIHTC rent will enjoy a minimum 15% advantage over HUD’s Fair Market Rent for the area.