Housing Terms

Letter of Credit
Letter of Interest
The Low Income Housing Tax Credit is a Federal housing assistance program through the Internal Revenue Service that provides tax incentives to owners of affordable housing. The program does not provide direct assistance to renters and is used to finance the construction (not the operation) of rental properties. Usually, LIHTC properties have units available for families earning 60% or less of the Area Median Income (AMI) and charge them lower than market rent.
Land Use Regulatory Agreement
Multifamily Assisted Housing Reform Act of 1997
Market rate housing is housing that is available on the private market, not subsidized or limited to any specific income level.
Mortgage Backed Securities
Mortgage Credit Certificates
Municipalities Continuing Disclosure Initative
Mortgage Compliance Manager
Mortgage Participation Certificates
Medicaid for Employed Adults with Disabilities