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Can investments made in LIHTC properties be eligible for tax credits through the CITC Program?

April 26, 2017citc eligible investments lihtc program properties tax credits

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Can investments made in LIHTC properties be eligible for tax credits through the CITC Program?

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Investments in the form of purchasing low income housing tax credits from an eligible housing entity are not eligible for the tax credit. An investment made in eligible low-income housing entities, such as a nonprofit developer for the purpose of constructing an LIHTC project, or a loan made to an eligible housing entity to finance an LIHTC project would be eligible, if the transaction was completed on or after 6-22-05.