More Texans will soon have significantly greater options regarding where they choose to live as the result of TDHCA’s awarding of $63.5 million in federal housing tax credits to private developers building or rehabilitating rental properties offering reduced rents.
Because the credits may be used over a ten-year period, this year’s allocation could generate as much as $635 million in equity financing for 64 affordable rental properties.
(HPF Web site)
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