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REVISIONS Towards The LIHTC DATABASE
At the end of 1996, additional efforts were created to enhance the policy from the LIHTC database for earlier many years of the
program. These efforts led to adding 1,989 projects that contains 67,056 units towards the database. If this
revision was initially published in October 1997, the written text file LIHTCPUB.TXT that contains the whole database was unintentionally
produced without decimals (i.e., all statistical fields were integer only affecting the tract number, latitude, longitude,
and many census data fields). The Stand out files weren’t so affected. The only real aftereffect of the The month of january 1998 revision would be to
correct this error within the LIHTCPUB.TXT file. The Stand out files weren’t revised. Observe that the report,
Development and Research into the
National Low-Earnings Housing Tax Credit Database, is not revised to mirror the extra data.
In The month of january 2001, data for projects put into service between 1995 and 1998 were added. These projects are described
within the report Updating
the nation’s Low-Earnings Housing Tax Credit Database. Aside from extra geocoding, there have been no revisions
designed to data for projects put into service from 1987 through 1994.
In May 2002, data for projects put into service through 1999 were added. This incorporated 319 projects and 25,000
units put into service in 1998 and 44 projects and nearly 5,000 units put into service in 1997 which were not incorporated
in the last update. Projects all years (1987 through 1999) were geocoded to 1990 and 2000 Census geography. For
details begin to see the report Updating
the nation’s Low-Earnings Housing Tax Credit Database: Projects Put into Service Through 1999.
In March 2003, data for projects put into service through 2000 were added. This incorporated 44 projects and a pair of,123
units put into service in 1998 and 76 projects and 4,865 units put into service in 1999 which were not incorporated
in the last update. For details begin to see the report Updating
the nation’s Low-Earnings Housing Tax Credit Database: Projects Put into Service Through 2000.
In May 2004, data for projects put into service through 2001 were added. This incorporated 132 projects and 11,832
units put into service between 1995 and 2000 which were not incorporated in the last updates. For details begin to see the report
Updating the nation’s Low-Earnings Housing
Tax Credit Database: Projects Put into Service Through 2001.
In March 2005, data for projects put into service through 2002 were added. This incorporated 102 projects and eight,823
units put into service between 1995 and 2001 which were not incorporated in the last updates. For details begin to see the report
Updating the nation’s Low-Earnings Housing
Tax Credit Database: Projects Put into Service Through 2002.
In March 2006, data for projects put into service through 2003 were added. This incorporated extensive revisions
to data on projects put into service in earlier years. This update was the first one to include data from new survey questions
on project targeting, utilization of HUD subsidies in project financing, multiple address information for multi-building projects,and
ongoing monitoring of LIHTC-financed projects for program compliance. For details begin to see the report
Updating the nation’s Low-Earnings Housing
Tax Credit Database: Projects Put into Service Through 2003.
In Feb 2007, data for projects put into service through 2004 were added. This incorporated 151 projects and
12,452 units put into service between 1995 and 2003 which were not incorporated in the last updates.
Because of funding limitations, the annual report wasn’t created for that 2004 database update. For summary tables from the data,
see HUD National Low-Earnings Housing Tax
Credit Database: Projects Put into Service Through 2004.
In The month of january 2008, data for projects put into service through2005 were added. This incorporated 150 projects and
10,863 units put into service between 1995 and 2005 which were not incorporated in the last updates. Because of funding
limitations, the annual report wasn’t created for that 2004 database update. For summary tables from the
data, see HUD’s National
Low-Earnings Housing Tax Credit Database: Projects Put into Service Through 2005..
In April 2009, data for projects put into service through 2006 were added. This incorporated 389 projects and
34,224 units put into service between 1995 and 2005 which were not incorporated in theprevious updates. This update was the very first
to incorporate data from new survey questions about quantity of allotted tax credits, levels of HUD subsidies in project financing,
info on elected set-asides,and the existence of project-based rental assitance.
For details begin to see the report Updating
the nation’s Low-Earnings Housing Tax Credit Database: Projects Put into Service Through 2006.
In Feb 2010, data for projects put into service through 2007 were added. This incorporated 618 projects and
58,650 units put into service between 1995 and 2006 which were not incorporated in the last updates. Because of funding limitations,
the annual report wasn’t created for that 2007 database update. For summary tables from the data,
see
HUD’s National Low-Earnings Housing Tax Credit Database: Projects Put into Service Through 2007.
In September 2011, data for projects put into service through 2009 were added. This incorporated 501 projects and
41,519 units put into service between 1995 and 2007 which were not incorporated in the last updates. For a listing of the information,
see New Low-Earnings Housing Tax Credit Property Data Available.
In August 2012, data for projects put into service through 2010 were added. This features a significant revision towards the 2008 qualities
to incorporate qualities formerly unreported to HUD. For a listing of the information,
see HUD’s National
Low-Earnings Housing Tax Credit Database: Projects Put into Service Through 2010.
In September 2013, data for projects put into service through 2011 were added. This incorporated 424 projects and 25,758 units
put into service between 1995 and 2010 which were not incorporated in the last updates. For a listing of the information,
see HUD’s National
Low-Earnings Housing Tax Credit Database: Projects Put into Service Through 2011.
In May 2014, data for projects put into service through 2012 were added. This incorporated 558 projects and 65,107 units
put into service between 1987 and 2011 which were not incorporated in the last updates. For a listing of the information,
see HUD’s National
Low-Earnings Housing Tax Credit Database: Projects Put into Service Through 2012.
In June 2015, data for projects put into service through 2013 were added. This incorporated 1,312 projects and 117,313 units
put into service between 1987 and 2012 which were not incorporated in the last updates. For a listing of the information,
see HUD’s National
Low-Earnings Housing Tax Credit Database: Projects Put into Service Through 2013.
In May 2016, data for projects put into service through 2014 were added. This incorporated 305 projects and 4,222 units
put into service between 1987 and 2013 which were not incorporated in the last updates. For a listing of the information,
see HUD’s National
Low-Earnings Housing Tax Credit Database: Projects Put into Service Through 2014.
In June 2017, data for projects put into service through 2015 were added. This incorporated 1,686 projects and 108,635 units
put into service between 1987 and 2014 which were not incorporated in the last updates. For a listing of the information,
see HUD’s National
Low-Earnings Housing Tax Credit Database: Projects Put into Service Through 2014.
Resourse: https://huduser.gov/portal/datasets/
Low-Income Housing Tax Credit (LIHTC) Overview
Video COMMENTS:
Lou Danzico: Thanks for an understandable presentation of what is, a complex process. The graphics contributed greatly to understanding. However, I have a question. I believe the video indicated that the tax credits must slightly exceed the amount invested to make the project palatable to the investor, which is reasonable. However, does it not also mean that the IRS will have received less than it otherwise would have? And if that is correct, why does not IRS simply collect the taxes due, avoiding all of the bureaucracy associated with the LIHTC process (and its cost to the taxpayers) and simply give the money to HUD to distribute in the form of grants to otherwise qualified developers? What am I missing?
InstTaxSolutionsLLC: This video explains how the LIHTC helps with communities and their tax reliefs.
Monte nathaniel: Low Income Housing Available in your area.\nFor more info just visit tinyurl. com/LowIncomeHousingHelp
Sushi Everyday: finally someone makes a well explained video of pints. thank you
Artem Cool: unreal……
Jeremy: Hi i just have one quick question if you can answer me that'd be great. So how exactly does the developers get the money for construction if the 450K credits cannot be claimed until the buildings are built and the form 8609 is issued? Would the investors put the money in first? but then they wouldn't be guaranteed to receive such credits should the compliance falls apart. If that's not true then, does it mean the developments must had at least a $450k cash or capital before they can begin construction?
queenlila: I moved here over 8 years ago and paid nearly $100 MORE than other non-welfare non Sec 8 tenants for same size 3 br apt, yet management keeps refusing to lower my rent to what others pay, and mgt advertises to the world via internet that 3 br rents are $488. This complex was built & tennants started moving in in 2003.I do not want to move. What legal basis allows them to overcharge me when most tenants living here for many years and new tenants only pay $488? These are not welfare/sec 8 tenants
Amby P: How is the TAX Credit Percentage is determined as 9% in this case?
queenlila: I live in a LIHTC apartment. What factors determine rent amount charged for identical size apts? I am not Section 8 & am charged $545 for a three bedroom apt, yet other s in a three BR apt only pay $488, & Craig's list ads list $488 for a 3 BR apt, yet management refuses to lower my rent to match what others pay. I have no extra amenities. Is this legal? Where can I find info on this? The virginia housing authority referred me back to my landlord!!
