Exploring State-Level Subsidies in Ohio, Georgia, and Kentucky

As the Trump administration implements significant changes to the funding and oversight of Low Income Housing Tax Credits and other incentives, housing sector professionals are increasingly looking to state-level LIHTCs as stable incentives for encouraging growth and expanding affordability. State policymakers, development organizations, and housing providers have long advocated for the creation and expansion of these incentives. In the coming years, the ramifications of changes at the state level may be on par with those of changes on the federal level.

State-level LIHTCs are not universal, and many programs were conceived to complement the Federal LIHTC. Presently, the agencies that administer their state’s LIHTCs rely on big-tent coalitions of local advocates and stakeholders to advance the visibility of LIHTCs, and for legal reforms further encouraging affordable growth. In states without state-level LIHTC programs, the need for affordability continues to skyrocket, and legislators continue to champion the cause of new tax incentives at the state level.

Affordable housing advocates may be most accustomed to following the Washington conversation, but today, it is more important than ever to stay informed on state tax credits. This new column will bring you updates on the latest developments in State LIHTCs and related affordability initiatives, focusing on a few states in each edition. In this first installment, we examine developments in Ohio, Georgia, and Kentucky.