Within the context of the Low-Revenue Housing Tax Credit score (LIHTC) program, “QC” generally stands for High quality Management. This encompasses the systematic processes and procedures carried out to make sure that housing initiatives developed utilizing LIHTC funds meet particular requirements and necessities.
Rigorous High quality Management is essential for the integrity and success of the LIHTC program. It helps to ensure that properties are constructed or rehabilitated to acceptable ranges of habitability, security, and accessibility. Efficient High quality Management can scale back development defects, reduce long-term upkeep prices, and contribute to the general high quality of life for residents in inexpensive housing. Traditionally, elevated emphasis on High quality Management has stemmed from the necessity to guarantee accountable stewardship of public sources and to handle issues concerning the long-term viability of LIHTC properties.
