Updated LIHTC Project Data Released

HUD announced that is has released an update of the LIHTC Database to include LIHTC-financed projects placed in service through 2006. The LIHTC Database is the only comprehensive source of information on the federal government’s program for the construction and rehabilitation of low-income rental housing.

The LIHTC database contains the following the following information:

• Project location, including address, county, state, place, census tract, and latitude and longitude geocodes.
• Contact information for project sponsors.
• Number of total units and credit-eligible units.
• Unit distribution by number of bedrooms.
• New construction or rehabilitation status.
• Credit type (30 of 70 percent of present value).
• For-profit or nonprofit sponsorship status.
• Tax-exempt bond or Rural Housing Service Section 515 financing.
• Increased basis due to location in a Qualified Census Tract or Difficult Development Area.
• Year placed in service and year credits were allocated.

Highlights of the properties placed in service from 1995 through 2006 are as follows:

• On average, nearly 1,400 projects and 103,000 units were placed in service during each year.
• LIHTC projects placed in service contained an average of 74 units.
• Tax credit properties tend to be larger than the average apartment property: 45 percent of LIHTC projects are larger than 50 units, compared with only 2.2 percent of all apartment properties nationally.