The LIHTC, approved in 1986, was the legislative response to significant changes in government housing policies.
FORBES: For the 21st Century, a Network of Beneficial Philanthropy and Corporate Citizenship
The process set in motion with the LIHTC saw corporations provide capital in exchange for federal tax credits.
With the LIHTC, the government would create incentives for powerful alliances of banks, nonprofit organizations and corporate investors to build low-income housing.
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