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LIHTC Database Update and Upcoming Tenant Data Collection Quarterly Housing Market and Research Update June 10, 2010

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LIHTC Database Update and Upcoming Tenant Data Collection Quarterly Housing Market and Research Update June 10, 2010. Michael Hollar, Economist Office of Policy Development and Research Economic Development and Public Finance Division. LIHTC Data Collection. Overview of the LIHTC Program

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LIHTC Database Update and Upcoming Tenant Data CollectionQuarterly Housing Market and Research UpdateJune 10, 2010

Michael Hollar, Economist

Office of Policy Development and Research

Economic Development and Public Finance Division

lihtc data collection
LIHTC Data Collection
  • Overview of the LIHTC Program
  • New LIHTC Property Data
  • Upcoming LIHTC Tenant Data Collection
overview of the lihtc program
Created in 1986 to encourage private development of low-income rental housing.
  • State HFAs allocate federal tax credits to developers who maintain rent-/income-restrictions.
  • HUD’s authority is limited to the designation of DDAs and QCTs, which are geographically targeted areas for development.
Overview of the LIHTC Program
collection of lihtc data
Collection of LIHTC Data:
  • In mid-1990’s PD&R began collecting data from state HFAs on property characteristics.
  • The latest update includes properties placed in service through 2007.
  • Data can be accessed at:
    • http://lihtc.huduser.org/
geographical differences7
Geographical Differences

LIHTC Projects Larger in South and West

geographical differences8
Geographical Differences

LIHTC Projects Contain More Market Rate Units in Northeast and Less in South

geographical differences9
Geographical Differences

LIHTC Units are Smaller in Northeast

geographical differences10
Geographical Differences

LIHTC Units are Smaller in Northeast

geographical differences11
Geographical Differences

Higher Percentage of Rehab Units in Northeast

geographically targeted areas
Geographically-Targeted Areas

DDAs are areas with high development costs.

QCTs are census tracts with high poverty rates or high percentage of low-income households.

geographically targeted areas13
Geographically-Targeted Areas

LIHTC Properties in DDAs are Smaller

geographically targeted areas14
Geographically-Targeted Areas

Properties in DDAs have Fewer Restricted Units

geographically targeted areas15
Geographically-Targeted Areas

Similar Unit Size Across Areas…

geographically targeted areas16
Geographically-Targeted Areas

…but Differences in Distribution of Unit Size

geographically targeted areas17
Geographically-Targeted Areas

More Rehab in Designated Areas

lihtc compared to rental market19
LIHTC Compared to Rental Market

LIHTC Units Skewed to Lower Cost Areas

lihtc compared to rental market20
LIHTC Compared to Rental Market

LIHTC Units Locating in Higher Cost Areas

lihtc tenant data collection
LIHTC Tenant Data Collection:
  • Housing and Economic Recovery Act (HERA) requires:
  • State HFAs must provide to HUD:
  • HUD’s Responsibility:
    • Establish standards and definitions for the data collection.
  • 3) Data must be collected at least annually and made publically available.
  • Income;
  • Use of Rental Assistance;
  • Disability Status;
  • Monthly Rental Payments
  • Race;
  • Ethnicity;
  • Family Composition;
  • Age;
initial submission of new data
Initial Submission of New Data
  • First data collection will include:
    • All properties placed into service in
    • 2008 & 2009.
    • All tenants in LIHTC units as of
    • Dec. 31, 2009.
  • HUD is requesting data by September 30.
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