The Low-Income Housing Tax Credit Program: A Comprehensive Review

This review explores literature assessing the Low-Income Housing Tax Credit (LIHTC) program. As the primary subsidy for affordable housing production and preservation in the U.S., there is a growing policy and research interest in this program. LIHTC has also been recognized as a tool for building equitable and inclusive communities. Scholars have been examining various aspects of the program such as production, operation, spillovers, policy levers, and tenants. There is a consensus that LIHTC plays a critical role in producing affordable housing. There is, however, ongoing debate about its reach and other impacts. Scholars have suggested potential avenues for improvement.

The Low-Income Housing Tax Credit Program: A Comprehensive Review