Bill would expand LIHTC "at‑risk" set‑aside to include Section 8 new‑construction and substantial rehabilitation projects
Senate Bill 2608 would broaden the state low-income housing tax credit (LIHTC) at‑risk set‑aside to include certain Section 8 federal subsidy programs (Section 8 new construction and Section 8 substantial rehabilitation), allowing public housing authorities to qualify aging federally subsidized properties for state tax-credit renovations.
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Senator Blanco presented Senate Bill 2608 to expand the definition of ‘‘at‑risk’’ properties eligible for a state low‑income housing tax credit (LIHTC) at‑risk set‑aside. The bill would add two federal subsidy categories — Section 8 new construction and Section 8 substantial rehabilitation projects — to the list of programs that may qualify for the at‑risk allocation.
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