LIHTC & Nebraska AHTC

The Low Income Housing Tax Credit (LIHTC) was created in 1986 to promote the development of affordable rental housing for low income individuals and families. It’s been the most successful rental housing production program in Nebraska, creating thousands of residences with very affordable rent. 

The LIHTC encourages the investment of private capital in rental housing development by providing a credit to offset an investor's federal income tax liability. There are two factors that influence the amount of credit a developer or investor may claim. The first is the amount of qualified development costs incurred and the second is the number of low income units developed that meet the applicable federal requirements for both tenant income and rents.

NIFA is designated as Nebraska's housing credit allocation agency and the LIHTC perfectly aligns with NIFA’s mission to grow Nebraska communities through housing. Nebraska tax dollars are not used to accomplish this mission because NIFA is self-funding.

In 2017, the Nebraska Legislature approved the Nebraska Affordable Housing Tax Credit (AHTC) that is equally matched with the federal LIHTC. NIFA is also designated as the entity to allocate the Nebraska AHTC.

Forms & Documents

View helpful forms and documents to submit applications, review guidelines for programs, etc.