RIH Funding Announcement: Low Income Housing Tax Credits (LIHTC)
- Meet the required minimum set aside requirement of the Section 42 program.
- Create a minimum of 20 new units.
- For applications proposing preservation, 30% of the overall units in an application or 20 units, whichever is greater, must be newly created affordable homes.
- As the LIHTC is a highly competitive and scarce resource, no single development may be awarded more than 40% of Rhode Island's annual small-state minimum allocation.
For more information contact Anne Berman: 401-457-1269 or firstname.lastname@example.org.
Courtesy of RIHousing