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Council directs rewrite of city policy for scoring 9% low‑income housing tax credit applications
Summary
Council approved a staff directive to rewrite how the city scores competitive 9% LIHTC applications, adding a geographic index and minimum point thresholds and asking staff to return with a recommended policy informed by the regional housing plan.
The City Council on Feb. 4 directed the city manager to rewrite the city’s policy for evaluating 9% low‑income housing tax credit (LIHTC) applications, adding a geographic index for location‑based scoring, minimum point thresholds tied to letters of support and a mechanism to designate a single preferred location in a year.
Why it mattered: The 9% federal tax‑credit program is a major source of financing for new affordable apartments.…
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