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Texas Bill Would Make Significant Changes to Rules for LIHTC Awards

Monday, May 9, 2005 - 7:30AM

A bill scheduled for consideration tomorrow by the Texas House of Representatives would make significant changes to the Texas Department of Housing and Community Affairs (TDHCA), including its rules for awarding low-income housing tax credits (LIHTCs). H.B. 1167, introduced in the Texas Legislature by Rep. Robert Talton, R-Pasadena, directs TDHCA to award the highest number of points on applications for LIHTCs to developers that provide at least 50 percent of their units to persons at or below 30 percent of the area median income (AMI). Talton also said he would offer an amendment during the floor debate tomorrow that would increase the likelihood of allowing developers to use LIHTCs for the development of single-family housing, which is currently prohibited.

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