LIHTC Calculator
Calculate Low Income Housing Tax Credits for affordable housing development projects.
Development Costs
Excludes land, reserves, and non-depreciable costs
% of units for low-income tenants
Credit Structure
Total 10-Year Credits
$7,200,000
9% annual rate | Syndication: $6,624,000
Credit Analysis
Qualified Basis$8,000,000
Annual Federal Credit$720,000
10-Year Federal Credit$7,200,000
Equity Analysis
Permanent Debt (est.)$5,000,000
Required Equity$5,000,000
Equity from Credits$6,624,000
Equity Gap$-1,624,000
Operating Metrics
Effective Gross Income$760,000
Net Operating Income$418,000
Debt Service Coverage1.39x
Effective Credit Rate72.0%