Restoring Tax Credits for Affordable Housing Act Introduced in House
WASHINGTON–July 26, 2018–Rep. James Clyburn, D-S.C., introduced legislation to increase the low-income housing tax credit (LIHTC) annual allocation and increase the credit percentage formula.
The Restoring Tax Credits for Affordable Housing Act will finance 235,000 affordable housing units projected to be lost over the next decade due to tax reform, according to a statement by Clyburn.
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