Texas Tax-Subsidy Rules Bode Ill for Affordable Housing in Low-Income Areas

Texas has changed its rules related to allocations of the 9 percent tax credit.  The rules changes, approved in late 2011, were intended to address two major concerns: that a Texas Department of Housing and Community Affairs program has funneled a disproportionately high concentration of housing for the poor into low-income, minority areas; and that the agency’s board was using its power over subsidies too freely and without sufficient transparency.  Many developers and housing advocates said they believe that the new rules the agency submitted to the governor’s office for approval late last year amount to a first draft of the changes Judge Fitzwater will see from the housing agency this month. The huge changes for subsidies — the new scoring and the halt to direct awards by the board — have widespread implications for the locations of future affordable-housing projects, several developers said.

New York Times

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