What is a primary goal of the General Public Use requirement for LIHTC?

The primary goal of the General Public Use requirement for the Low-Income Housing Tax Credit (LIHTC) program is to ensure that affordable housing is accessible to all. This requirement is designed to prevent discrimination and to promote inclusivity, allowing individuals and families from a range of backgrounds and circumstances to take advantage of affordable housing options. By fostering wider access, the LIHTC program aims to meet the housing needs of low-income families while also enhancing their opportunities for stability and self-sufficiency in their communities.

This commitment to accessibility is essential for the effectiveness of the LIHTC program, as it aligns with the overall mission of providing affordable housing in areas that may be otherwise underserved or challenging to access for low-income populations. The General Public Use requirement acts as a safeguard against any potential biases or barriers that could limit this vital resource for those who need it most.