top of page
Search

SO, WHAT ARE LOW INCOME HOUSING TAX CREDITS?

Updated: 2 days ago


The historic Douglass High School, located in the vibrant Dewey City community of Thomasville, Georgia, is poised for an exciting transformation. The historic campus will be renovated and converted into 52 Affordable Senior Living Apartments. The project has been awarded $18M in Low-Income Housing Tax Credits (LIHTC), which will be one of the primary sources of funding for this project. So, what are Low-Income Housing Tax Credits?

The Low-Income Housing Tax Credit (LIHTC) program, established in 1986, is a U.S. government initiative to increase the building of affordable housing. Here’s how it works:

  1. Tax Credits for Developers: The government gives tax breaks (credits) to developers if they build housing that’s affordable for low-income families.

  2. Investors Fund Projects: Developers sell these tax credits to investors, who provide money to fund the project. This helps lower the overall costs of building the housing.

  3. Affordable Rent: In return for the tax credits, developers must keep the rent affordable for lower-income renters for a set period (usually 15 to 30 years).

It’s a win-win! Developers get financial help, investors get tax benefits, and communities get more affordable housing options.


If you want to take a deeper dive into how LIHTC works, click on the link below and watch

this 3 minute video.

Comentarios

 Strengthening Thomasville’s Traditional Neighborhoods

Thomasville CDC

Email: info@thomasvillecdc.org

Phone: (229) 231-1199

Public Charity Status: 170(b)(1)(A)(vi)

© 2023-2025. Thomasville Community Development Corporation is a 501 (c)(3) Charitable Organization. | EIN: 88-2659266 | 

Privacy Policy |  Site design by LIEBE DESIGNS 

​

NON-DISCRIMINATION STATEMENT | Thomasville Community Development Corporation and its subsidiaries are committed to ensuring that all individuals have equal access to our programs, services, and activities, in accordance with federal civil rights laws. In compliance with Title VI of the Civil Rights Act of 1964, this organization is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. Additionally, under Section 504 of the Rehabilitation Act of 1973, we do not discriminate against individuals with disabilities and provide reasonable accommodations to ensure equal access to our services.

​

De acuerdo a lo establecido por las leyes federales y las políticas del Departamento del Tesoro esta organización no puede discriminar por causa de raza, color, origen nacional, sexo, edad, o porque una persona tiene impedimentos. Para presentar una queja sobre discriminación, escriba a: U.S. Department of the Treasury, Director, Office of Civil Rights and  Equal Employment Opportunity 1500 Pennsylvania Avenue, N.W., Washington, DC 20220; o envíe un correo electrónico a: crcomplaints@treasury.gov.

​

If you believe you have been subjected to discrimination, you may file a complaint with the Thomasville Community Development Corporation by contacting us at info@thomasvillecdc.org, 229-231-1199, 401 S Broad Street, Thomasville, GA 31792. You may also file a complaint with the US Department of Treasury or the US Department of Justice or the US Department of the Treasury, Office of Civil Rights and Equal Employment Opportunity, as applicable. For assistance in another language or to request accomodations, please contact us.

bottom of page