{"id":18023,"date":"2021-04-01T09:57:24","date_gmt":"2021-04-01T13:57:24","guid":{"rendered":"https:\/\/recuperacion.pr.gov\/?page_id=18023"},"modified":"2025-09-15T17:26:34","modified_gmt":"2025-09-15T21:26:34","slug":"lihtc","status":"publish","type":"page","link":"https:\/\/recuperacion.pr.gov\/en\/lihtc\/","title":{"rendered":"LIHTC"},"content":{"rendered":"

[vc_row full_width=”stretch_row_content_no_spaces” content_placement=”middle” el_class=”bg-position-right carousel-main progBannerGreen”][vc_column css=”.vc_custom_1677186001948{margin-top: 0px !important;padding-top: 0px !important;}”][vc_row_inner content_placement=”middle” el_class=”z100″][vc_column_inner width=”1\/6″][\/vc_column_inner][vc_column_inner el_class=”z100″ width=”1\/3″][vc_empty_space height=”75px”][vc_single_image image=”9439″ img_size=”full” alignment=”center” el_class=”c-slide-logo”][\/vc_column_inner][vc_column_inner width=”1\/2″][vc_images_carousel images=”50328,50326,50324″ img_size=”full” onclick=”link_no” speed=”3000″ autoplay=”yes” hide_pagination_control=”yes” hide_prev_next_buttons=”yes” wrap=”yes” el_class=”fade-center carousel-slide”][\/vc_column_inner][\/vc_row_inner][vc_single_image image=”38892″ img_size=”full” alignment=”center” el_class=”slide-divider-innerPages”][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1687290030885{margin-bottom: 35px !important;}”][vc_column][vc_empty_space height=”20px”][vc_row_inner content_placement=”middle” el_class=”boxshadProgramas sec508Cajitas”][vc_column_inner width=”1\/6″][vc_single_image image=”42265″ img_size=”full” alignment=”center” css=”.vc_custom_1721842810203{margin-bottom: 0px !important;padding-top: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;}” el_class=”landingLogo”][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_custom_heading text=”Allocation:<\/strong> $1,423,000,000″ font_container=”tag:p|text_align:left” use_theme_fonts=”yes” el_class=”programsOrangeH”][vc_column_text css=”.vc_custom_1695058075925{margin-bottom: 0px !important;}”]This program will provide gap funding, for properties being developed with low income tax credits.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner content_placement=”middle” disable_element=”yes” el_class=”boxshadProgramas sec508Cajitas”][vc_column_inner width=”1\/6″][vc_single_image image=”42265″ img_size=”full” alignment=”center” css=”.vc_custom_1687795040323{margin-bottom: 0px !important;padding-top: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;}”][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_custom_heading text=”Allocation:<\/strong> $1,423,000,000″ font_container=”tag:p|text_align:left” use_theme_fonts=”yes” el_class=”programsOrangeH”][vc_column_text css=”.vc_custom_1688581467082{margin-bottom: 0px !important;}”]Description: This program will provide gap funding, for properties being developed with low income tax credits.[\/vc_column_text][vc_column_text css=”.vc_custom_1688143907580{margin-top: 10px !important;margin-bottom: 0px !important;}” el_class=”landingAlert”]<\/p>\n

Programa cerrado a nuevas solicitudes.<\/strong><\/p>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1704208803763{margin-bottom: 30px !important;}” el_class=”th-col-fix”][vc_column width=”2\/3″][vc_custom_heading text=”CDBG-DR GAP TO LOW INCOME HOUSING TAX CREDITS PROGRAM” font_container=”tag:h1|font_size:1.625em|text_align:left|line_height:28px” use_theme_fonts=”yes” el_class=”programsGreenH”][vc_column_text el_class=”plan-intro”]The substantial reduction in available housing units combined with a surge of displaced residents in need of housing, represents a major hindrance to long-term recovery. Incentives are required to spur development and replenish the current inventory of new or rehabilitated, resilient, and affordable rental housing.\u00a0<\/span>\u00a0<\/span><\/p>\n

The low-income housing tax credit (LIHTC) program is the federal government\u2019s primary policy tool for encouraging the development and rehabilitation of affordable rental housing. The program awards developers federal tax credits to offset construction costs in exchange for agreeing to reserve a certain fraction of units that are rent-restricted for lower-income households. The credits are claimed over a 10-year period. Developers need upfront financing to complete construction so they will usually sell their tax credits to outside investors (mostly financial institutions) in exchange for equity financing. The equity reduces the financing developers would otherwise have to secure and allows tax credit properties to offer more affordable rents.\u00a0<\/span>\u00a0<\/span><\/p>\n

The CDBG-DR Gap to Low-Income Housing Tax Credits Program (the Program), as approved in the Puerto Rico Disaster Recovery Action Plan (Action Plan), as amended, will provide the incentive required to spur development, and replenish the current inventory of new or rehabilitated, resilient, and affordable rental housing.<\/span>\u00a0<\/span><\/p>\n

Effective utilization of the Low-Income Housing Tax Credits (LIHTC) Program combined with Community Development Block Grant-Disaster Recovery (CDBG-DR) funding will maximize said incentive.\u00a0<\/span>[\/vc_column_text][\/vc_column][vc_column width=”1\/3″][vc_btn title=”Transparency Portal” align=”left” css=”” link=”url:https%3A%2F%2Frecuperacion.pr.gov%2Fen%2Ftransparency-portal%2Ftransparency-reports%2Fcdbg-dr%2Fhousing-reports%2Flitch-dashboard-pbi%2F” el_class=”programGuiasPT-btn”][vc_btn title=”Conflict of Interests” align=”left” link=”url:https%3A%2F%2Fcdn.recuperacion.pr.gov%2Fw3cacheitdg%2Fwp-content%2Fuploads%2F2023%2F12%2FGM-Forms-ADMINISTRATION-POLICY-COMPLIANCE-POLI-CONFLICT-OF-INTEREST-DISCLOSURE-APPLICANT-V.4-Case-Number-7025233.docx” el_class=”programGuiasPT-btn”][vc_btn title=”Projects” align=”left” css=”” link=”url:https%3A%2F%2Frecuperacion.pr.gov%2Fwp-content%2Fuploads%2F2025%2F08%2F2025-07-09_ADM_LIHTC_One-Pager_Project-Management-Agent-Roster_EN.pdf|target:_blank” el_class=”programGuiasPT-btn”][vc_custom_heading text=”GUIDELINES” font_container=”tag:p|text_align:left” use_theme_fonts=”yes” css=”.vc_custom_1687795212539{margin-bottom: 0px !important;padding-top: 15px !important;padding-right: 15px !important;padding-bottom: 15px !important;padding-left: 15px !important;}” el_class=”guiasTitles”][vc_column_text css=”.vc_custom_1731084972877{margin-bottom: 0px !important;padding-top: 5px !important;padding-right: 5px !important;padding-bottom: 5px !important;padding-left: 5px !important;}” el_class=”guias-bg”]

\n
\n\n \n
\n
\n
\n\t
\n\t\t
Program Guidelines (V6.0)--Updated 06\/14\/2022<\/div><\/div>
Download<\/a><\/div><\/div>
Cross Cutting Guidelines (V4.0) -- Posted 11\/04\/2024<\/div><\/div>
Download<\/a><\/div><\/div>
URA & ADP Guide (V4.0) -- Posted 12\/15\/2022<\/div><\/div>
Download<\/a><\/div><\/div><\/div><\/div>\n\t<\/div>\n<\/div>\n<\/div>\n