Sign Up For Novogradac Industry Alert Emails

BILL WOULD HELP MILITARY FAMILIES QUALIFY FOR LIHTC UNITS

Friday, June 3, 2011 - 8:00AM

Rep. Bill Owens yesterday introduced The Military Families Affordable Homes Act (H.R. 2097). H.R. 2097 would allow service members to exclude their basic allowance for housing (BAH) from their income when applying for low-income housing tax credit (LIHTC) housing. At most military bases, military personnel must include both their annual pay and BAH in their income when they apply for housing. The Military Families Affordable Homes Act would expand an exception to the requirement that Congress passed for several military bases affected by Base Realignment and Closure activities. Text of the bill will be posted to the Affordable Housing Resource Center when it becomes available.

Learn more about Novogradac's expertise and many services