Abt Associates: Bold thinkers driving real-world impact
The Low Income Housing Tax Credit (LIHTC) is a federal program administered by the Treasury Department that subsidizes the development of rental housing projects for low-income households. It is the predominant “supply-side” or “project-based” component of U.S. rental housing policy, while the “demand-side” or “tenant-based” component is the Housing Choice Voucher program, which provides subsidies that households can use to rent housing units they find in the private market. The LIHTC has developed about 2.4 million units since it was created by the Tax Reform Act of 1986. The housing voucher program currently assists about 2.5 million households with some overlap, since vouchers are often used to rent units in LIHTC projects.
The report “Creating Balance in the Locations of LIHTC Developments: The Role of Qualified Allocation Plans,” is a more in-depth follow-up to a 2008 report that surveyed “best practices” in state qualified allocation plans around the country. It was supported by Abt Associates and the Poverty & Race Research Action Council.
Abt Associates is a mission-driven, global leader in research, evaluation and program implementation in the fields of health, social and environmental policy, and international development. Known for its rigorous approach to solving complex challenges, Abt Associates is regularly ranked as one of the top 20 global research firms and one of the top 40 international development innovators. The company has multiple offices in the U.S. and program offices in more than 40 countries.