White Paper: Building Financial Assets for Residents in LIHTC Communities
Building Financial Assets for Residents in LIHTC Communities, released by the Asset Builders Alliance, a collaboration between Compass Working Capital, Housing Partnership Network (HPN), National Council of State Housing Agencies (NCSHA), and Stewards of Affordable Housing for the Future (SAHF), outlines scalable asset-building models for LIHTC properties, particularly for residents excluded from existing programs such as Family Self-Sufficiency (FSS).
The paper presents six modeled pathways for residents in LIHTC properties to accumulate $2,000–$6,000 in savings over five years using existing tools and infrastructure. Based on interviews with Housing Finance Agencies (HFAs), owners, developers, and service providers, the analysis demonstrates practical pathways HFAs and owners, policymakers, and funders can take to advance residents’ economic mobility, while strengthening housing stability.
Published
Source
Visit Resource
Building Financial Assets for Residents in LIHTC Communities