Restoring Tax Credits for Affordable Housing Act

On July 26, 2018, Rep James Clyburn (D-SC) introduced the Restoring Tax Credits for Affordable Housing Act which proposes to increase the 9% & 4% credit percentages, state allocations from $2.70 to $2.90, and the small state minimum from $3.1 million to $3.365 million to offset reduction in housing resources that resulted from the 21% corporate tax rate.

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