The Department of Housing and Urban Development (HUD) plans to examine what happens to low-income housing tax credit properties after they hit the crucial 15-year mark, according to a recent notice in the Federal Register.
HUD wants to assess whether projects are remaining affordable, what types of properties are or are not remaining affordable, and what major factors contribute to these outcomes.
“The answers to these questions will help inform future policy and program design for affordable housing nationwide,” said the Jan. 27 notice. “HUD believes that this study will also be of great interest to people actively working with tax credits, including syndicators, owners, investors, financial institutions, and public agencies.”
Public comments can be made on the proposal until Feb. 28.