With more than 20 percent of Native Americans spending more than 30 percent of their income on rent, housing affordability is a critical issue within American Indian and Alaska Native (AIAN) areas. HUD estimates that in order to address housing needs of tribal areas, more than 33,000 units must be created to eliminate overcrowding, with another 35,000 units needed to replace inadequate units (35,000).
While closing this gap will prove no easy task, the Low Income Housing Tax Credit (LIHTC) has proven to be a successful tool for tribal housing authorities seeking to break ground on much needed affordable housing developments.
Through the Historic Tax Credit (HTC) programs, we help developers rehabilitate, revitalize and reuse historic buildings.
We’re experienced in capitalizing special needs housing that supports veterans, survivors of domestic violence, the homeless and more.
HCP has been a market leader in partnering with housing authorities to upgrade their housing portfolio under RAD.
The low-income housing tax credit is the most important tool for creating affordable housing in the U.S. today.