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About
the Housing Tax Credit Program
Maximum income limits
apply to all 'tax credit' tenants in our affordable apartment complex.
The anticipated income of all persons expecting to occupy the unit
within the 12-month certification period must be verified and included
on an application and income certification form prior to occupancy,
and you will be required to have your financial status reviewed
annually.
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Maximum
Income Limits
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Occupants
1
2
3
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Income
$20,400
$23,280
$26,220
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Section 8 Vouchers Accepted
HTC
Enacted in the Tax Reform
Act of 1986, the Housing Tax Credit (HTC) is designed to secure private
equity capital for the development of affordable rental housing. The
HTC can provide as much as 55%-60% of the total development cost which
reduces the amount of debt financing in affordable rental housing developments.
This allows lower rents and greater affordability.
The HTC is an excellent community investment tool. It is responsible
for the development of more than 20,000 units in Texas.
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