Tax credits offered to developers in low-income areas in Texas

Developers who build low-cost subsidized apartments in affluent areas could see more tax credits under a state plan designed to correct the disproportionate amount of housing in poor minority areas.  The strategy outlined by the Texas Department of Housing and Community Affairs is in response to a federal court ruling that found the agency’s policies unintentionally violated the Fair Housing Act by denying participants the choice to live in neighborhoods that are more racially and economically diverse.

Chron.com

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