CFED Scorecard

Financial Assets & Income

Outcome Measures

Income Poverty Rate

Asset Poverty Rate

Asset Poverty by Race

Asset Poverty by Gender

Asset Poverty by Family Structure

Liquid Asset Poverty Rate

Liquid Asset Poverty by Race

Liquid Asset Poverty by Gender

Liquid Asset Poverty by Family Structure

Extreme Asset Poverty Rate

Net Worth

Net Worth by Race

Net Worth by Income

Net Worth by Gender

Net Worth by Family Structure

Unbanked Households

Underbanked Households

Consumers with Subprime Credit

Borrowers 90+ Days Overdue

Average Credit Card Debt

Bankruptcy Rate

Policy Priorities

Tax Credits for Working Families

State IDA Program Support

Lifting Asset Limits in Public Benefit Programs

Protections from Predatory Short-Term Loans

Additional Policies

Income Tax Threshold

Tax Burden by Income

Prize-Linked Savings

Paperless Payday

Trend Indicators

Change in Net Worth

Change in Asset Poverty

Change in Liquid Asset Poverty

Businesses & Jobs

Housing & Homeownership

Health Care

Education

CFED Assets & Opportunity Scorecard

Preservation of Affordable Rental Housing

Definition

Percentage of low-income housing tax credits that a state allocated for the preservation of affordable rental housing, 2009.

Description

Housing tax credits reduce the tax liability of owners and developers of rental housing for low-income families, or those earning less than 60% of area median income. These tax credits provide effective incentives for owners and developers to preserve the affordable housing stock, particularly in large urban areas. This measure looks at low-income housing tax credits allocated for preservation of affordable housing as a percentage of total low-income housing tax credits allocated.

For more information, please visit the National Housing Trust.

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Preservation of Affordable Rental Housing

StatePercent of LIHTC Used
for Preservation of
Affordable Rental Housing (%)
Alabama  1.9% 
Alaska  26.6% 
Arizona  18.0% 
Arkansas  18.2% 
California  61.0% 
Colorado  22.4% 
Connecticut  36.3% 1
Delaware  100.0% 
District of Columbia  — 1, 2
Florida  9.2% 
Georgia  9.9% 
Hawaii  26.2% 
Idaho  31.2% 
Illinois  — 1, 2
Indiana  25.2% 
Iowa  15.5% 
Kansas  14.1% 
Kentucky  88.2% 
Louisiana  — 1, 2
Maine  95.4% 1
Maryland  24.5% 
Massachusetts  32.8% 
Michigan  65.6% 
Minnesota  45.5% 
Mississippi  27.1% 
Missouri  25.3% 
Montana  0.0% 
Nebraska  36.1% 
Nevada  0.0% 1
New Hampshire  8.7% 
New Jersey  16.2% 
New Mexico  12.4% 
New York  37.3% 1, 2
North Carolina  5.4% 
North Dakota  19.0% 
Ohio  93.0% 
Oklahoma  35.1% 
Oregon  25.0% 
Pennsylvania  34.4% 1
Rhode Island  72.8% 
South Carolina  18.9% 
South Dakota  19.6% 3
Tennessee  71.3% 
Texas  11.1% 
Utah  28.8% 
Vermont  13.6% 
Virginia  89.3% 
Washington  6.9% 
West Virginia  0.0% 2
Wisconsin  24.8% 
Wyoming  14.6% 

Source

State HFA Factbook: 2009 NCSHA Annual Survey Results. Washington, DC: National Council of State Housing Finance Agencies, 2009.

“4% Low Income Housing Tax Credit and the Preservation of Existing Affordable Multifamily Housing.” Washington, DC: National Housing Trust, 2010.

“9% Low Income Housing Tax Credit and the Preservation of Existing Affordable Multifamily Housing.” Washington, DC: National Housing Trust, 2010.

"—" indicates that no data is available.

Footnotes

1. Data was not available for the use of 4% LIHTC for preservation of affordable rental housing for Connecticut, the District of Columbia, Illinois, Louisiana, Maine, Nevada, New York (New York State DHCR and DANC) and Pennsylvania.

2. Data was not available for the use of 9% LIHTC for preservation of affordable rental housing for the District of Columbia, Illinois, Louisiana, New York (New York State DHCR, New York HFA, and DANC) and West Virginia.

3. Data was not available in this state for LIHTC that was allocated for tax-exempt bond financing of new construction.

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