HUD’s newly released LIHTC Tenant Tables for 2023 show that 57.2% of LIHTC residents are classified as ‘extremely low-income,” earning 30% or less of area median gross income (AMGI), the highest share ever recorded in this dataset.

By the Numbers:

  • 15.5% of residents earn 30-40% of AMGI, 13.1% between 40-50%, 8% between 50-60%, and 6.2% earn more than 60%.
  • 48.3% of residents received monthly rental assistance, the highest share since HUD began reporting this data in 2015.
  • The national median LIHTC tenant income was $18,600, and nearly 20% of households had income of $10,000 or less.

Go Deeper: See Novogradac’s writeup for a detailed breakdown and visual representation of the data.