Misty Glen Apartments was awarded and built with tax credits in 1996 and has been selected by IHCDA to help celebrate 30 years of the Low-Income Housing Tax Credit Program. Representing Congressional District 1, Misty Glen will be hosting the celebration on August 9, 2016 at 11am.
October 22, 2016 will mark the 30th Anniversary of the Low-Income Housing Tax Credit (LIHTC) Program.
Through the LIHTC program, over 50,000 units of affordable housing have been developed or preserved in Indiana. This has generated an estimated $2.22 billion in local income and $5.64 billion in tax revenue. It totals up to 40,000 projects, 2.6 million affordable housing units and 95,000 jobs annually nationally.
The Indiana Housing and Community Development Authority (IHCDA), who administers the program in Indiana, is going to celebrate the 30-year anniversary of the program by visiting and highlighting difference making LITHC properties throughout the state, bringing greater awareness and appreciation for the impact the LIHTC program has had in Indiana.
Congratulations, Misty Glen!