Texas Legislation Would Add Air Conditioning to State LIHTC Ranking System
Legislation introduced in the Texas House of Representatives would amend the state’s ranking system for low-income housing tax credit (LIHTC) applications to include whether the units in a development have air conditioning. H.B. 191 would make whether a property has air conditioning the 11th scoring criteria in order of importance. It would also require any statement of support from a state representative about a property applying for LIHTC allocation to disclose the percentage of units owned by the applicant that are equipped with air conditioning.
Working with state agencies and financing affordable housing will be key topics at the Novogradac 2022 Tax Credit Housing Finance Conference, Dec. 1-2 in Las Vegas.