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LIHTC Market Study Resources

Practical guides for affordable-housing analysts — methodology, capture rates, NCHMA standards, and market-area basics.

How to Write a LIHTC Market Study: A Step-by-Step Guide
A practical, step-by-step guide to writing a Low-Income Housing Tax Credit (Section 42) market study — from defining the PMA through demand, capture rate, and the feasibility conclusion. Built for affordable-housing analysts.
LIHTC Capture Rate Explained (With the Formula and Thresholds)
What the capture rate means in a LIHTC market study, how it's calculated, the difference between capture and penetration rate, and the thresholds reviewers use to judge feasibility.
The NCHMA Model Content Standards: Required Market Study Sections
A checklist of the NCHMA Model Content Standards sections every compliant LIHTC market study should cover, from the executive summary through analyst certification.
What Is a Primary Market Area (PMA) in a Market Study?
A plain-English explanation of the Primary Market Area (PMA) in a LIHTC market study — what it is, how analysts define it, and why it drives every demand and capture-rate figure.

LIHTC market study requirements by state →