LIHTC Section 42 Compliance: Tips for Combining Funding Programs

Programs such as Section 8, RD/ USDA Rural Development, RAD/ Rental Assistance Demonstration, HOME / HOME Investment Partnerships Program and Housing Trust Funds include contradictory provisions that pose challenges when they are combined with Section 42 LIHTC housing credits. Yet rising costs and federal program changes are fueling a growing need to integrate these sources when developing affordable housing projects. Special care needs to be taken when aggregating them. It…