Bill Enacts LIHTC for District of Columbia
The Fiscal Year 2015 Budget Support Congressional Review Emergency Act of 2014, which enacts and amends provisions of law necessary to support the District of Columbia’s fiscal year 2015 budget, became effective last week. Among other things, the act implements a low-income housing tax credit (LIHTC) for the District of Columbia. The Department of Housing and Community Development will make available $1 million in LIHTCs in 2015.
Tune in to the Oct. 21 Tax Credit Tuesday podcast to learn more about the District of Columbia’s new LIHTC.