The Workforce Housing Tax Credit Act introduces a tax credit for middle-income housing projects to support affordable housing for middle-income.
The Workforce Housing Tax Credit Act amends the Internal Revenue Code to create a tax credit for middle-income housing projects. This credit applies to residential rental properties that meet specific criteria, including income limits for tenants and project characteristics. The bill defines middle-income housing projects and outlines the requirements for eligibility, including the need for an extended middle-income housing commitment and adherence to certain selection criteria.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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