The Ralph and Goldy Lewis Center for Regional Policy Studies

Producing less than 20,000 units on average annually in California, the Low Income Housing Tax Credit (LIHTC) cannot meet the outsized demand for subsidized housing alone . This report examines alternatives to the Low Income Housing Tax Credit in the State of California, with particular emphasis on the Los Angeles market. This report analyzes project feasibility in today’s conditions, as well as an analysis of the financial impact that certain international policies could have on affordable housing development at the project level. The analyses aim to illustrate possible project models as additional options beyond LIHTC, and demonstrate the value of including higher income projects within an affordable housing system on being able to leverage more debt, equity and other financial resources and thereby produce more affordable housing at all levels.