To meet the demand for affordable housing across the country, communities, private developers, and public housing authorities use financial incentives such as low-income housing tax credits (LIHTCs). In particular, developers are successfully twinning historic tax credits with LIHTCs in rural areas.
HTCs and RAD: Ten Years of Positive Impacts
January 2023
Ten years ago, Congress established the Rental Assistance Demonstration (RAD) program, which has become an invaluable tool in the affordable housing industry. Among the available additional funding sources are historic tax credits, and numerous examples of RAD conversions using HTCs have been completed.