Draft Federal 2024 Tax Relief for American Families and Workers Act Includes 12.5% LIHTC funding increase. This increases funding for Maine affordable housing projects.
"Part 5: More Affordable Housing State Housing Credit Ceiling Increase for Low-Income Housing Credit. —In calendar years 2018 through 2021, the 9 percent LIHTC ceiling was increased by 12.5 percent, allowing states to allocate more credits for affordable housing projects. This provision restores the 12.5 percent increase for calendar years 2023 through 2025 and is effective for taxable years beginning after December 31, 2022." Full package here.
Thursday, Feb 8 - MAHC Member Meeting, 9-10:30 am, Maine Housing, 26 Edison Drive, Augusta
In person panel discussion on the Affordable Housing Investment Market. Email for remote access.