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Low Income Housing Tax Credit

What is the Low Income Housing Tax Credit program?

The Low-Income Housing Tax Credit (LIHTC) program provides housing for low- to moderate-income renters in exchange for tax credits for the developers. The LIHTC program is overseen by the Tennessee Housing and Development Agency. 


What is the waiting list and application process?

Individual tax credit buildings maintain waiting lists, and wait times vary depending on the building and the area.

Individuals are screened by property ownership and management. IRS regulations specify that projects financed through the LIHTC program are not required to collect Social Security numbers from potential residents. However, LIHTC projects still ask for Social Security numbers on applications and use them to determine applicants’ financial eligibility and suitability as tenants. Failure to provide Social Security numbers could delay an LIHTC property’s ability to review their applications for housing.


Where are Tax Credit properties located?

Tax Credit apartments are located in or near most major cities and towns throughout Tennessee. For a list of apartments in your area, contact the Tennessee Housing and Development Agency at www.thda.org or by telephone at (800) 228-8431.


Low Income Housing Tax Credit PDF

Acknowledgements & Disclaimer: This Fact Sheet was prepared by West Tennessee Legal Services (WTLS) and made possible by Serving Tennessee Seniors-administered by The Community Foundation of Middle Tennessee at the request of the Chancery Court. WTLS thanks the Tennessee Bar Association for its permission to use The Legal Handbook for Tennessee Seniors (2014 edition) as a primary information source. This publication is supported, in part, by funds provided by the Southwest Area Agency on Aging and Disability, the Tennessee Commission on Aging and Disability, and the U.S. Department of Health and Human Services. The content herein does not necessarily reflect the opinion or policy of the Southwest Area Agency on Aging and Disability or any agency of Tennessee or the U.S. government. Fact Sheets are for information only and not intended to replace legal advice. If you are in need of legal help, call WTLS at (800) 372-8346, or seek the help of a private attorney. (Revised 5/2017)