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Texas Legislation Would Require Preference for LIHTC Developments Near Veterans Hospitals

Thursday, March 25, 2021 - 8:45AM

Legislation in the Texas Legislature would change the scoring system for the state’s competitive low-income housing tax credit (LIHTC) to encourage development near veterans hospitals. H.B. 1558 would require the state’s ranking system to grant bonus points for properties located not more than 5 miles from a veteran’s hospital that provide a preference for leasing units to low-income veterans.

Affordable  housing stakeholders will discuss strategies to maximize success in LIHTC applications at the Novogradac 2021 Affordable Housing Virtual Conference, April 29-30.

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