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.
Published by Oklahoma Coalition for Affordable Housing
The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state. View all posts by Oklahoma Coalition for Affordable Housing