Investing in affordable housing

Affordable housing is a foundation for financial stability and economic mobility. Partner with us for innovative financing solutions and industry-leading expertise to create and preserve affordable housing across the country.

$22.8 billion in Low Income Housing Tax Credit equity
$4.29 billion in current affordable housing loan commitments
 213,790 housing units financed through our Affordable Housing team


*Data as of June 30, 2026

Create inclusive communities with affordable housing solutions

Affordable housing is about more than just buildings. It’s about investing in people.

Tax credit equity

We partner with real estate developers who build and rent multi-family housing to those making 60% or less of their area’s median income. We invest in both federal and state Low Income Housing Tax Credit (LIHTC) programs and finance projects in all 50 states.

  • Federal tax direct investments
  • State tax direct investments
  • Multi-investor fund investments

Affordable housing debt

Our team has completed hundreds of debt deals supporting the creation and preservation of tens of thousands of affordable housing units nationwide.

  • Construction loans
  • Permanent loans
  • Acquisition or refinance loans for the preservation of existing affordable housing

Trusted experts

We have been at the forefront of the LIHTC industry since 1989. Investors and developers value our presence in funds and projects for many reasons, including:

  • Depth and breadth of experience
  • Diverse product offerings
  • Proven success across different deal types and structures
  • Respected leadership in the industry

Project types we’ve closed recently

We work on projects in communities from coast to coast. Whether your deal is highly complex or more routine, rely on us to add value. A small sample of our recent affordable projects includes:

  • 9% + 4% combo deals
  • Condominium structures with a New Markets Tax Credit element
  • Scattered-site RAD portfolio renovation
  • Historic renovations with state and/or federal Historic Tax Credits
  • Modular-built, mid-rise infill
  • Projects for transition-age youth, veterans and those with a right to return following redevelopment

Affordable housing solutions FAQ

We finance affordable housing developments that include Low Income Housing Tax Credits (LIHTC), tax-exempt bonds and/or other affordability components. We provide tax equity investments and debt products, including construction, permanent and acquisition/refinance loans.

Impact Finance regularly collaborates with the bank’s Corporate Social Responsibility team to align objectives and support community development initiatives.

Let’s work together to make housing more affordable

Get in touch with the U.S. Bancorp Impact Finance team to discuss the tax credit program and our affordable housing lending solutions. Explore how we can help you invest in your community.

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Disclosures

Investment and insurance products and services including annuities are:
Not a deposit • Not FDIC insured • May lose value • Not bank guaranteed • Not insured by any federal government agency.

Deposit products are offered by U.S. Bank National Association. Member FDIC. All credit products offered by U.S. Bank National Association are subject to normal credit approval and program guidelines. Eligibility requirements, other fees and conditions may apply. Not all loan programs are available in all states for all loan amounts. Interest rates and program terms are subject to change without notice.

Financing maximums and terms are determined by borrower qualifications and use of funds. For deferred payments, interest accrues and is amortized over the remaining balance and term.

U.S. Bank and its representatives do not provide tax or legal advice. Your tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.