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The American Association of Retired Persons (AARP) Public Policy Institute recently released a report highlighting the importance of LIHTC sites for the elderly population. The report finds that 30 percent of housing cost-burdened households are ages 62 and older. According to the report, as a result of low incomes and high costs for housing, there is demand for affordable housing among older renters. Approximately 16 percent of LIHTC properties are intended primarily for older persons, a limited supply of LIHTC units to meet demand.
