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California Governor’s Proposed Budget Includes Expanded LIHTC

Friday, January 11, 2019 - 4:00PM

California Gov. Gavin Newsom last week published his proposed 2019-2020 budget summary, which includes expanding the state low-income housing tax credit (LIHTC) to $500 million beginning in 2019, with $300 million of authority allocated to the existing state LIHTC program and the remaining $200 million earmarked for a new program to house households earning between 60-80 percent of the area median income.

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