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BILL WOULD DIRECT MORE LIHTCS TO MOD-INCOME SENIORS

Monday, August 6, 2012 - 7:00AM

Rep. Joe Baca, D-Calif., introduced a bill intended to encourage the development of more affordable housing for moderate-income seniors through the Low-Income Housing Tax Credit (LIHTC) program. H.R. 6295, the Affordable Housing for Moderate-Income Seniors Act  would require states to increase the number of points awarded to developments targeted at moderate-income seniors. The bill was referred to the House Committee on Ways and Means.

Michael J. Novogradac, CPA, will discuss the Affordable Housing for Moderate-Income Seniors Act in the August 14 Tax Credit Tuesday podcast. Tune in or miss out!

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