This bill increases tax credits for housing projects that serve extremely low-income families, making it easier to build affordable homes. It helps ensure that more people can access safe and affordable housing.
If you are looking for affordable housing, this bill could lead to more options available in your area.
Who this affects
Low-income families · Individuals seeking housing
What changes is this bill making?
1This bill raises the tax credit for low-income housing projects.
2It specifically targets buildings for extremely low-income households.
3Projects with at least 20% of units for these households can receive more funding.
4The bill aims to make these housing projects financially feasible.
5It applies to buildings that receive housing credit allocations after the bill's enactment.
