{"id":63127,"date":"2025-01-21T15:15:23","date_gmt":"2025-01-21T19:15:23","guid":{"rendered":"https:\/\/recuperacion.pr.gov\/programa-de-apalancamiento-de-los-creditos-contributivos-de-vivienda-por-ingresos-bajos\/"},"modified":"2026-02-03T17:05:58","modified_gmt":"2026-02-03T21:05:58","slug":"leverage-for-low-income-housing-tax-credits-program","status":"publish","type":"page","link":"https:\/\/recuperacion.pr.gov\/en\/leverage-for-low-income-housing-tax-credits-program\/","title":{"rendered":"Leverage for Low-income Housing Tax Credits Program"},"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=”63025″ img_size=”full” alignment=”center” css=”” 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” css=”” el_class=”fade-center carousel-slide”][\/vc_column_inner][\/vc_row_inner][vc_single_image image=”38892″ img_size=”full” alignment=”center” css=”” 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=”42267″ img_size=”full” alignment=”center” css=”.vc_custom_1737487504453{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> $100,000,000″ font_container=”tag:p|text_align:left” use_theme_fonts=”yes” css=”” el_class=”programsOrangeH”][vc_column_text css=”.vc_custom_1738100130448{margin-bottom: 0px !important;}”]This program provides Community Development Block Grant \u2013 Mitigation (CDBG-MIT<\/strong>) funds to qualifying entities that propose projects that incorporate at least one of the mitigation strategies described in the CDBG-MIT Action Plan<\/strong> and prioritize projects in areas with the lowest proportion of rental housing units outside the highest-risk areas.[\/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_column_inner][vc_column_inner width=”5\/6″][vc_column_text css=”.vc_custom_1687820874864{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_btn title=”Transparency Portal” align=”left” css=”” link=”url:%23″ el_class=”programGuiasPT-btn”][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1736884951915{margin-bottom: 0px !important;}” el_class=”th-col-fix”][vc_column width=”2\/3″][vc_custom_heading text=”CDBG-MIT LEVERAGE FOR LOW-INCOME HOUSING TAX CREDITS PROGRAM” font_container=”tag:h1|font_size:1.625em|text_align:left|line_height:28px” use_theme_fonts=”yes” css=”” el_class=”programsGreenH”][vc_column_text css=”” el_class=”plan-intro”]A significant portion of the rental population needs housing options capable of mitigating the risks that affect Puerto Rico to the greatest extent possible. The Puerto Rico Department of Housing (PRDOH<\/strong>) realizes that the challenges Puerto Rico faces to recover from disastrous events are countless opportunities to institute true mitigation measures to address the pressing risk mitigation needs of renters who are disproportionately likely to reside in high-risk areas for flooding and\/or landslides.<\/p>\n

These risks can be mitigated through strategic site selection, as the severity of risk is based heavily on the geographic characteristics of a given area, unlike other risks associated with exceptional natural events. Any assisted housing development, however, must still incorporate building standards and methods that mitigate other risks that threaten structures in Puerto Rico, as identified in the Action Plan.<\/p>\n

The LIHTC-MIT<\/strong> Program will address the need for safe, quality, resilient, and affordable rental housing in Puerto Rico. Consequently, the Program will help expedite the construction and availability of affordable housing units on the Island. The CDBG-MIT funds will provide up to eighty percent (80%)<\/strong> of the Developer\u2019s funding for constructing these housing units. The Developer can secure the remaining funds from a construction and\/or permanent loan from a private lender or private source, and equity in exchange for tax credits.[\/vc_column_text][\/vc_column][vc_column width=”1\/3″][vc_btn title=”Send documents” align=”left” css=”” link=”url:https%3A%2F%2Frecuperacion.pr.gov%2Fiframes%2FLeverageToLIHTCProgramIntakeForm.html” el_class=”programGuiasPT-btn”][vc_custom_heading text=”GUIDELINES” font_container=”tag:p|text_align:left” use_theme_fonts=”yes” css=”.vc_custom_1737054644926{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_1737054719758{margin-bottom: 0px !important;padding-top: 5px !important;padding-right: 5px !important;padding-bottom: 5px !important;padding-left: 5px !important;}” el_class=”guias-bg”]

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Program Guidelines (V2.0) -- Updated 04\/08\/2026<\/div><\/div>
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