In the context of the Low-Income Housing Tax Credit (LIHTC) program, “QC” commonly stands for Quality Control. This encompasses the systematic processes and procedures implemented to ensure that housing projects developed using LIHTC funds meet specific standards and requirements.
Rigorous Quality Control is crucial for the integrity and success of the LIHTC program. It helps to guarantee that properties are built or rehabilitated to acceptable levels of habitability, safety, and accessibility. Effective Quality Control can reduce construction defects, minimize long-term maintenance costs, and contribute to the overall quality of life for residents in affordable housing. Historically, increased emphasis on Quality Control has stemmed from the need to ensure responsible stewardship of public resources and to address concerns about the long-term viability of LIHTC properties.
