HUD Updates Low-Income Housing Tax Credit Database

From: HUD USER News
 
The Low-Income Housing Tax Credit (LIHTC) database,
created by HUD and available to the public since 1994,
has been updated and now contains information on more
than 25,000 projects and over 1.4 million housing units
placed in service between 1987 and 2004. The revised
national database provides a comprehensive project-level
look at LIHTC housing production.
 
Created by the Tax Reform Act of 1986, the LIHTC program
gives states the equivalent of nearly $5 billion in
annual budget authority to issue tax credits for the
acquisition, rehabilitation, or new construction of
rental housing targeted to lower-income households.
Although some data about the program have been made
available through various sources, HUD's database is the
only comprehensive national source of information on the
size, unit mix, and location of individual projects.
Through our continuing support of the national LIHTC
database, HUD hopes to enable researchers to learn more
about the effects of the tax credit program.
 
The LIHTC database includes project addresses, number of
units and low-income units, number of bedrooms, year the
credit was allocated, year the project was placed in
service, whether the project was new construction or
rehab, type of credit provided, and other information on
project financing. The database has been geocoded,
enabling researchers to look at the geographical
distribution and neighborhood characteristics of tax
credit projects. It may also help show how incentives to
locate projects in low-income areas and other
underserved markets are working.
 
Data are available through the LIHTC Database Access
website at www.huduser.gov/datasets/lihtc.html. In
addition to downloading the entire database, users may
extract limited sets of data by selecting only variables
of interest, filtering for variable values, or
restricting the geographic extent of their query
at lihtc.huduser.gov.
 
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