Teaneck Senior Housing, a 62-unit affordable senior citizen housing facility, broke ground at the site in Teaneck on Wednesday, November 12, 2014.
When Congress returns in November, it will consider extensions of dozens of expired tax provisions, including minimum LIHTC rates.
We need Congress to approve the National Disaster Tax Relief which would quadruple funding for the $70.8M in LIHTC resources to build homes in NJ.
On October 10th 2014, advocates met with 7th Congressional District Representative Leonard Lance (R.) at the offices of the YWCA Union County.
The bill would allow homeless youth and veterans who are full-time students to qualify for the low-income housing tax credit (LIHTC).
While the budget is difficult and there are no easy answers and identifying budget funds is a challenge, affordable housing must be addressed in DC.
On July 22nd, S 2634, a bill to provide tax relief for major disaster areas in 2012, 2013, and 2014 was re-introduced, a companion piece to HR 5082.
We need to visit, call, fax and email our members of Congress to let them know that the budget cuts approved by the House are unacceptable.
On July 11, 2014, Rep. Tom Reed and Bill Pascrell filed H.R. 5082, the House Disaster Tax Relief Bill which would provide a LIHTC allocation of $8.
The Tax Relief Act would provide additional Housing Credit allocation for each state, calculated at $8 per person in the qualifying disaster areas.