The median annual income of households living in low-income housing tax credit (LIHTC) properties was $18,600 in 2021, according to the Department of Housing and Urban Development’s tenant data.
About 52.2% of the households had incomes at or below 30% of the area median income (AMI); 15.6% had incomes between 30.1% and 40% of the AMI; 13.5% had incomes between 40.1% and 50% of the AMI; 8.8% had incomes between 50.1% and 60% of the AMI; and 10% had incomes greater than 60% of the AMI.
HUD’s LIHTC data included 42,717 properties with 2,987,571 units.
In other findings, 30.6% of the households had at least one member younger than 18, while 36% had at least one member older than 62. Just over 35% reported a head of household 62 or older.
The data also revealed that 27.3% of the heads of households were Black or African-American; 24.4%, white; 10.8%, Hispanic of any race; 1.3%, American Indian or Alaska Native; 0.8%, Asian; and 0.4%, Native Hawaiian and other Pacific Islander. Nearly 34% did not report race or ethnicity.
For more information, visit HUD’s Office of Policy Development and Research data.
