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Low-Income Housing Credit (LIHTC)

A federal tax credit program designed to encourage the development and rehabilitation of affordable rental housing for low-income households.

Rehabilitation expenditures

Costs associated with making significant improvements or renovations to an existing building, rather than new construction.

Enhanced energy performance

A level of energy efficiency achieved by a building that meets specific high standards for reducing energy consumption, as defined by this bill.

Qualified retrofit plan

A detailed written plan, prepared and certified by an expert, outlining modifications to a building that are expected to cut its energy use by at least 50%.

Site energy usage intensity

A measure of a building's total energy consumption per square foot over a year, typically measured in British thermal units (BTUs).

Baseline energy usage intensity

The measured energy usage intensity of a building over a specific period (24 months) before energy-saving modifications are made, used as a reference point.

Internal Revenue Code of 1986

The main body of federal tax law in the United States.