Monroe Group continues to monitor the current environment as the situation continues to change and evolve. We are, first and foremost, committed to the health and safety of our residents, team members, vendors, partners and the communities that we own and manage. We have adopted new policies and procedures during this crisis that follow the Centers for Disease Control and Prevention (CDC) recommendations and comply with all state and local government mandates to help reduce the spread of the virus.
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LIHTC is America’s most successful affordable housing program having created millions of affordable rental units since its inception in the late 1980’s. Low Income Housing Tax Credits (LIHTC) is a Federal housing assistance program that provides tax incentives to affordable housing owners. It is strictly used to finance the construction of rental properties, not to property management or to renters. LIHTC properties are usually available for families earning 60% or less of the Area Median Income (AMI).