Low Income Housing Tax Credit Program
The Low-Income Housing Tax Credit is a credit against federal income tax liability each year for 10 years for owners and investors in low-income rental housing. The amount of tax credits is based on reasonable costs of development, as determined by THDA, and the number of qualified low-income units.
Tax Exempt Multi-Family Bond Authority Program
THDA’s Tax Exempt Multi-Family Bond Authority Program provides permanent real estate financing for property being developed for multifamily rental use in Tennessee. The development team should have sufficient experience in multifamily rental housing designed for use by low- to moderate-income tenants to assure the successful completion and operation of the development.