A PRRAC and National Fair Housing Alliance Report (July 2006). By Jill Khadduri, Larry Buron, and Carissa Climaco.
Excerpt: The Low Income Housing Tax Credit (LIHTC) produced nearly 1.3 million units of rental housing between the start of the program, in 1987, and 2003, surpassing the size of the public housing program. In recent years, some 100,000 units per year have been “placed in service,” which means that construction was completed and families and individuals were able to live in the units (Climaco, Nolden, et al., 2006). At that pace, the total number of US rental housing units produced by the LIHTC is projected to have reached 1.5 million by 2005.