Low Income Housing Tax Credit
The Low Income Housing Tax Credit (LIHTC) program is an indirect Federal subsidy begun in 1986 as a market-based incentive to encourage investment & development of affordable rental housing.
In Texas, the Program is administered by the Texas Department of Housing & Community Affairs (TDHCA).
The LIHTC program is a competitive system based on point categories. Tax Credits are awarded by the TDHCA based on regions. The City of Temple is in Region 8, in the urban sub-region.
Points are available to developers for securing a resolution of local government support and securing a local government commitment to funding.
To meet the housing and development objectives of the City of Temple, it is the City’s policy to analyze projects requesting support for proposed LIHTC. The goal of this analysis is to (a) establish if LIHTC projects merit local support and/or funding assistance, and (b) prioritize LIHTC submissions if more than a single proposal is received during an evaluation period.
Low Income Housing Tax Credit Support and Funding Assistance Press Release- 12/9/16
Click here to download the City of Temple’s full “Low Income Housing Tax Credit Support and Funding Assistance Policy”.
Before a project will be evaluated, each applicant requesting support and/or funding assistance must submit the City of Temple’s LIHTC Project Support and Funding Assistance application with all attachments.
Click here to download the City of Temple’s “Low Income Housing Tax Credit Support and Funding Assistance Application and List of Required Documents”.
City of Temple 2017 LIHTC Important Dates:
1/6/2017: Application for Local Government Support and/or Local Government Commitment to Funding Deadline
2/2/2017: Presentation from Developer(s) at City Council Work Session
2/16/2017: Consideration of Resolution(s) at City Council Meeting
For more information contact:
Office of Community Development
Larry Everett, Community Development Manager
Citizens with questions regarding rental assistance under the LIHTC or other affordable housing programs should contact the TDHCA at 800-525-0657 or www.tdhca.state.tx.us/