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House of Representatives approved Legislation that Invreases LIHTC

Thursday, October 26, 2000 - 1:45AM

The U.S. House of Representatives approved legislation that includes an increase to the low-income housing tax credit (LIHC) and private activity bond caps, Oct. 26. The Certified Development Company Program Improvements Act of 2000 includes an increase to the LIHC, from $1.25 per capita to $1.75 per capita between 2001-02, with an index to inflation thereafter. It also includes an increase to the private activity bond cap from the current $50 per capita to $75 per capita over the 2001-02 period, with an index to inflation thereafter. The bill will now move to the Senate for consideration.

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