What is a key goal for non-profit entities participating in LIHTC projects?

What is a key goal for non-profit entities participating in LIHTC projects?

• A. Maximizing shareholder profit
• B. Providing affordable housing
• C. Reducing tax liability
• D. Increasing property values

Answer: (B)

For non-profit entities participating in Low-Income Housing Tax Credit (LIHTC) projects, a fundamental goal is to provide affordable housing. This is central to the mission of most non-profits, which often aim to serve the community and address issues related to housing insecurity. By engaging in LIHTC projects, non-profits can enhance their capacity to offer housing options at lower costs to low-income families, enabling them to fulfill their social purpose and improve community welfare. Moreover, the LIHTC program itself is designed to stimulate the development of affordable rental housing, making it an ideal fit for non-profit organizations that prioritize accessibility and affordability in housing solutions. While other options may touch on financial or market aspects, they do not align with the core mission of non-profits in the context of affordable housing initiatives.

For non-profit entities participating in Low-Income Housing Tax Credit (LIHTC) projects, a fundamental goal is to provide affordable housing. This is central to the mission of most non-profits, which often aim to serve the community and address issues related to housing insecurity. By engaging in LIHTC projects, non-profits can enhance their capacity to offer housing options at lower costs to low-income families, enabling them to fulfill their social purpose and improve community welfare.

Moreover, the LIHTC program itself is designed to stimulate the development of affordable rental housing, making it an ideal fit for non-profit organizations that prioritize accessibility and affordability in housing solutions. While other options may touch on financial or market aspects, they do not align with the core mission of non-profits in the context of affordable housing initiatives.