Low-Income Housing Tax Credit Program

Program Information
  • The Low Income Housing Tax Credit Program (LIHTC) is a program of the Internal Revenue Service (IRS) providing tax credits that may be sold to private investors to generate direct equity.
  • The proceeds from the sales of the tax credits then finance a portion of the affordable housing development costs.
  • In Arizona, the program is administered by the Arizona Department of Housing.
Accessing Tax Credits
Tax credits may be accessed in one of the two following ways: 
  1. The State of Arizona holds an annual competition to distribute its annual allocation of 9% tax credits. This application round is generally held in the spring with award reservations made in the summer.
  2. Four percent tax credits are available on a noncompetitive basis to qualified projects that have received a private activity bond allocation from the state. A separate tax credit application is required at the time of the submission of a bond application and whether or not tax credits may be provided to the project is determined through an underwriting review.
The LIHTC program results in the creation of affordable rental properties. The following apartment complexes offer affordable rental units (up to 60% AMI) in Flagstaff:

  • Cedar Crest Apartments | 2251 N. Izabel St. | (928)773-1699
  • High Country Estates | 250 W. High Country Trl. | (928)213-0600
  • Oakwood Village Apartments I, II, III | 3770 S. Yaqui Dr. | (928)773-8500
  • Pinehurst Apartments | 1001 N. 4th St. | (928)527-8600
  • Timber Trails Apartments | 200 W. High Country Trl. | (928)556-0500
  • Village at Lake Mary Crossing | 60 E. Anita Ave. | (928)779-4875

Low-Income Housing Tax Credit (LIHTC) Properties for Seniors (up to 60% AMI):

  • Flagstaff Senior Meadows | 1351 N. Pine Cliff Dr. | (928)527-6998
  • Sandstone Highlands Senior Community | 300 W. High Country Trl. | (928)773-4420

  1. Physical Address
    3481 N. Fanning Dr.
    Flagstaff, AZ 86004

    Mailing Address
    2323 N. Walgreens St.
    Suite 2
    Flagstaff, AZ 86004

  2. Jennifer Mikelson

    Housing Analyst
    Phone: (928) 213-2744