This week, the United States Department of Housing and Urban Development (HUD) published its report titled Understanding Whom the LIHTC Program Serves: Data on Tenants in LIHTC Units as of December 31, 2014. Compared to the 2013 data, the 2014 report indicates an aggregate net increase of 1,502 active properties reported nationally, containing 137,158 units. In Connecticut, the increase was 25 properties, representing 2,153 additional Low-Income Housing Tax Credit (LIHTC) units reported in 2014, compared to 2013.
HUD also identifies various challenges to collecting the data presented in this report. Challenges include underreporting of household members, drop-off from properties no longer required to report to HUD, and the challenge presented in some states that have not fully adopted HUD’s standards for collecting data.
This report is HUD’s third annual data release on tenants residing in LIHTC units. By federal mandate, state housing finance agencies must report on race, ethnicity, family composition, age, income, use of rental assistance, disability status, and monthly rental payments for tenants of LIHTC properties where HUD subsidies are present.
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