LIHTC and Tax Credits
Low income Housing Tax Credits are the largest supplier of affordable housing in the United States. A program of this size has many stopping points between the developer and the tenant. It is imperative that groups like Texas Housers ensure that these tax credits ultimately benefit low-income families and individuals, both in amount and in distribution. The construction of affordable housing will often have those who oppose the notion as well as those who intend to only profit from it. It is our duty to ensure tax credits are earned by developers who commit to as much low-income housing as possible in neighborhoods of all kinds in a given area.
Texas Housers has been a consistent fixture in tax credit hearings, constantly pushing Qualified Allocation Plans (QAP) to be fair and helpful to tenants. That when developers apply for such tax credits, that the point system that are subject to rewards housing built near quality schools, markets with fresh foods, are safe from crime, and not clustered in one concentrated area of poverty. We recognize that the numbers are often against construction of affordable housing, but Texas Housers is encouraged by residents who stand up and our advocacy allies who fight beside us.