Synopsis
This practical resource is for professionals who are beginning the process of learning about the federal low-income housing tax credit, also known as the Housing Credit. It breaks down the rules and practices that are incredibly complex, particularly those governing compliance. It also includes a list summarizing the provisions of the Affordable Housing Credit Improvement Act of 2019. The Housing Credit is America’s only remaining affordable rental housing production program of any material scale. Housing credits have been responsible for building and rehabilitating more than 3.13 million apartments across the country and adding over 100,000 units every year. Unlike other references that cover the same subject, Beginner’s Guide to the Housing Credit is designed to be read from beginning to end. It breaks down the rules and practices that are incredibly complex, particularly those governing compliance. Not only does this resource share an accessible overview of the Housing Credit, it also includes a list summarizing the provisions of the Affordable Housing Credit Improvement Act of 2019 that would change what is addressed in the book.
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