The Workforce Housing Tax Credit Act provides a tax credit for middle-income housing projects.
The Workforce Housing Tax Credit Act introduces a tax credit for middle-income housing projects, aiming to support residential rental properties that serve middle-income tenants. The bill outlines specific criteria for buildings to qualify as middle-income housing, including income limitations for tenants and rent restrictions. It also details the credit calculation, allocation rules, and requirements for maintaining the housing status over a defined credit period.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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