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Texas Bill Would Double Applicant Cap for Single LIHTC Application Round

Wednesday, March 29, 2023 - 12:30PM

Legislation introduced in the Texas Senate would double the applicant cap for allocation of low-income housing tax credits (LIHTCs) and forbid the state qualified allocation plan from including a land use restriction agreement or affordability beyond the federally required minimum period. S.B. 1925 would increase the maximum allocation amount to a single applicant from $30 million to $60 million for a single round. The individual development amount would remain $20 million.

The Novogradac Introduction to Low-Income Housing Tax Credits booklet provides the basics of the LIHTC incentive.

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