Low Income Housing Tax Credit (LIHTC)

Eligibility Requirements

• 1At a minimum, either 20 percent of the units must be for residents whose incomes do not exceed 50 percent of area median income or 40 percent of the units must be for residents whose incomes do not exceed 60 percent of the area median income
• 2An application including detailed financial information and various supporting documentation must be submitted to MSHDA for review and evaluation
• 3Submission of an Affirmative Fair Housing Marketing Plan consistent with MSHDA requirements
• 4A trade payment breakdown signed by the owner and contractor must be submitted for all projects

Eligible Project Types