Tax Credit & Multifamily

What is Tax Credit & Multifamily?

The Low-Income Housing Tax Credit (LIHTC) program is the most important resource for creating affordable housing in the United States today. Created by the Tax Reform Act of 1986, the LIHTC program gives State and local LIHTC-allocating agencies the equivalent of approximately $10 billion in annual budget authority to issue tax credits for the acquisition, rehabilitation, or new construction of rental housing targeted to lower-income households.

HUD Multifamily contracts with private multifamily housing owners to make units affordable for low-income households. The subsidy is committed for a set period of time for the assisted units of a specific property

Housing Options

Do You Qualify for Tax Credit & Multi Family?

In order to qualify you must meet a variety of income and eligibility requirements. Please review these requirements:

Requirements

At least one member of the household must be 18 years of age or older
You must qualify on the basis of citizenship or the eligible immigrant status of family members.
You must provide social security number information for family members.
You must consent to Fargo Housing’s application process and use of family information as needed for verifications
You must fall within the income limits set by The Department of Housing and Urban Development (HUD).

Our Housing Options

For individuals that are eligible for Public Housing, we have a variety of housing options for you to choose from. Explore options below to determine which housing in the Fargo-Moorhead area is best for you:

Apartments

Review our apartment options that are eligible for assistance.

Single-Family Homes & Duplexes

Explore our list of homes and duplexes that are perfect for a single family.

See all Housing Options

Get In Touch

Interested in connecting with a member of our team? Please fill out the form to learn more about affordable housing options in Fargo.