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Low Income Housing Tax Credits Created by Congress in 1986 and made permanent in 1993, the federal tax credit program provides dollar-for-dollar reduction of tax liability to encourage the creation of affordable rental housing. Additional tax savings are provided through passive losses generated by the real estate investments. Section 42 credits are a permanent reduction of current and future tax liability, not a deferral of tax liability. Offices Home | About Us | Principals | Contact Us | Events | FTP Login |
