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Committee backs state workforce housing tax credit aiming to mirror federal LIHTC
Summary
Senate Bill 22-53 would create a $4 million per year state workforce housing tax credit modeled on the federal low-income housing tax credit to help close financing gaps for affordable housing projects; the committee advanced the measure to finance.
The Mississippi Senate Committee on Housing and Finance voted to advance Senate Bill 22-53, which would create a state workforce housing tax credit intended to mirror the federal low-income housing tax credit and provide a $4 million annual state credit to help complete affordable housing projects.
The chair told the committee the bill is…
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