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

Households with Savings Accounts

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

Change in Consumers with Subprime Credit

Change in Average Credit Card Debt

Businesses & Jobs

Housing & Homeownership

Health Care

Education

CFED Assets & Opportunity Scorecard

Preservation of Affordable Rental Housing

Reports & Graphics

Definition

Percentage of low-income housing tax credits that a state allocated for the preservation of affordable rental housing, 2010 and 2011.

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  0.0% 1
Alaska  100.0% 1
Arizona  92.4% 
Arkansas  — 1, 2
California  22.9% 
Colorado  5.9% 
Connecticut  — 1, 2
Delaware  86.8% 
District of Columbia  — 1, 2
Florida  3.7% 2
Georgia  14.4% 
Hawaii  11.5% 
Idaho  29.5% 
Illinois  33.2% 
Indiana  17.2% 
Iowa  25.7% 
Kansas  45.8% 
Kentucky  58.0% 
Louisiana  59.2% 
Maine  43.6% 
Maryland  40.9% 
Massachusetts  23.1% 1
Michigan  78.8% 
Minnesota  56.7% 
Mississippi  — 1, 2
Missouri  44.2% 
Montana  22.8% 
Nebraska  6.3% 
Nevada  7.6% 1
New Hampshire  21.8% 
New Jersey  11.6% 1
New Mexico  60.4% 
New York  27.0% 1, 2
North Carolina  15.1% 
North Dakota  18.4% 
Ohio  52.9% 1
Oklahoma  30.5% 
Oregon  20.7% 
Pennsylvania  30.0% 1
Rhode Island  94.4% 
South Carolina  10.0% 1
South Dakota  24.3% 
Tennessee  8.5% 
Texas  40.0% 
Utah  11.1% 
Vermont  45.9% 
Virginia  57.6% 
Washington  19.3% 
West Virginia  48.5% 3
Wisconsin  40.9% 1
Wyoming  0.0% 

Source

State HFA Factbook: 2010 NCSHA Annual Survey Results. Washington, DC: National Council of State Housing Finance Agencies, 2010.

“4% Low Income Housing Tax Credit and the Preservation of Existing Affordable Multifamily Housing.” Washington, DC: National Housing Trust, 2011.

“9% Low Income Housing Tax Credit and the Preservation of Existing Affordable Multifamily Housing.” Washington, DC: National Housing Trust, 2011.

"—" 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 Alabama, Alaska, Arkansas, Connecticut, the District of Columbia, Massachusetts, Mississippi, Nevada, New Jersey, New York HFA, Ohio, Pennsylvania, South Carolina, and Wisconsin.

2. Data was not available for the use of 9% LIHTC for preservation of affordable rental housing for the Arkansas, Connecticut, the District of Columbia, Florida, Mississippi, and New York HFA.

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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