CSH is pleased to present “2016 LIHTC Policies Promoting Supportive Housing & Recommendations for 2017 & 2018,” available for free download at csh.org
This new report builds on our assessment of 2015 Qualified Allocation Plan (QAP) policies and examines the strategies Housing Credit agencies adopted to foster and encourage supportive housing development within QAPs for the Low Income Housing Tax Credit (LIHTC/Housing Credit), highlighting significant changes made within QAPs. CSH examined 56 QAPs for this report.
Supportive housing – combining affordable housing with services to help people who face complex challenges live with stability, autonomy and dignity – is a proven, cost-effective way to end homelessness. By providing people who are chronically homeless or have other special needs with a way out of expensive emergency public services and back into their own homes and communities, supportive housing not only improves the lives of its residents but also generates significant public savings. Communities across the country have identified expanding availability of supportive housing as critical to their efforts to end homelessness.
This report represents one element of CSH’s ongoing efforts to analyze and share information regarding the role of federal Housing Credits in financing supportive housing development.