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Chicago housing department says it will prioritize racial equity in affordable housing resources

Yesterday the Chicago Department of Housing released what it says is the countryโ€™s first Racial Equity Impact Assessment on a Qualified Allocation Plan for Low-Income Housing Tax Credits. Qualified Application Plans are documents that state eligibility priorities and criteria for awarding tax credits for housing development projects. Racial Equity Impact Assessments analyze how different racial and ethnic groups are or will be impacted by existing or proposed policies, programs, or decisions....
Logan Square United States Marisa Novara Lori Lightfoot Sendy Soto Chicago Department Of Housing

Who benefits from federal housing tax credit changes?

NH Business Review Questions arise on eligibility of 2020 bond-financed projects February 24, 2021 Jaclyn N. Fisher On Dec, 21, 2020, Congress passed the Consolidated Appropriations Act, a year-end measure that includes a $1.4 trillion omnibus spending bill and a $900 billion Covid-19 relief bill. Among many other things, the act fixed the 4% low-income housing tax credit (LIHTC) applicable percentage at a minimum of 4%. This comes after years of advocacy by LIHTC stakeholders and is expected ...
Sheehan Phinney Committee On Taxation Jaclyn Fisher Consolidated Appropriations Act Joint Committee Internal Revenue Code
Source: nhbr.com

The Low-Income Housing Tax Credit, explained

The Hodge, at 7th and P NW, was built using Low-Income Housing Tax Credits.ย  This article was first published on January 9, 2017. We love being able to talk about and break down complex concepts and wanted to share this piece with you again. Figures are reflective of the original publishing date. The Hodge, a 90-unit housing development in Shaw, offers affordable apartments for seniors in the District. To create these apartments, developers of the Hodge used the Low-Income Housing Tax Credit ...
United States District Of Columbia Housing Finance Agency Virginia Housing Development Authority Department Of Housing Community Development Low Income Housing Tax
Source: ggwash.org

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