The Workforce Housing Tax Credit Act provides a tax credit for middle-income housing projects.
The Workforce Housing Tax Credit Act amends the Internal Revenue Code to introduce a tax credit for middle-income housing projects. This credit applies to residential rental properties that meet specific criteria, including being part of a qualified middle-income housing project. The bill outlines rules for determining eligibility, including income limits for tenants, the need for a comprehensive market study, and the requirement for a binding commitment to maintain the housing as middle-income for a specified period.
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