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TDHCA Head Says Legislation Would Improve Stock of Affordable Housing

Friday, May 18, 2001 - 1:45AM

New federal legislation would enable the production of more affordable rental housing, Daisy Stiner, executive director of the Texas Department of Housing and Community Affairs, told attendees of Novogradac & Company LLP’s Credit & Bond Financing for Affordable Housing Conference on May 18. The two versions of the legislation—HR 951 and SB 677—would allow states to use the greater of the statewide median income or area median income for the purpose of calculating income limits for the low-income housing tax credit (LIHC) program—a reform that is expected to increase the number of LIHC-eligible tenants in rural areas. To access HR 951 and SB 677, click here.

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