HUD Report on Housing Credit Tenants

HUD has released a new report, Understanding Whom the LIHTC Program Serves: Data on Tenants in LIHTC Units as of December 31, 2015, which highlights the importance and impact of the Housing Credit. The report shows that between 2013 and 2015, the vacancy rate of Housing Credit properties dropped from 5 percent vacant to 4 percent vacant, which indicates that there is high demand for these homes. The report also documents that the Housing Credit targets extremely low-income households – those earning 30 percent of the area median income or less – noting that in 2015, 44.5 percent of tenants in Housing Credit properties were extremely low-income.

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