California State Senate Passes Bill to Prohibit LIHTC Being Considered Income During Appraisals
The California State Senate recently passed A.B. 2846 to prohibit appraisers from considering low-income housing tax credits (LIHTCs) as income when appraising affordable housing properties. Considering tax credits as income often leads to higher appraisal values and therefore higher tax assessments. Click here for a copy of the bill.