Monday, June 18, 2012

Tax credit rules for affordable housing developments may change via Star-Telegram.com

Texas could change the way it funnels millions of dollars to builders of affordable housing projects, giving preference to complexes in more affluent and diverse areas.

A federal judge in Dallas has ordered the Texas Department of Housing and Community Affairs to refine its rules for awarding tax credits for low-income housing.

The court ruled in March that too many of the projects were being built in poor, minority neighborhoods. Though that wasn't intentional, it was discriminatory, U.S. District Judge Sidney Fitzwater ruled.

Read more...Tax credit rules for affordable housing developments may change via Star-Telegram.com

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