Low-income housing tax credits would play an integral role in a developer's $714,000 project to rehabilitate Katy Manor Apartments, a 48-unit multifamily housing complex on East Fifth Street in Katy.
Legislation was recently introduced to the U.S. Senate and House of Representatives proposing the creation of the first-ever Workforce Housing Tax Credit (WHTC) for middle-income housing developments.
Denton City Council discussed changes to the housing tax credit program requirements in order to provide more affordable housing to residents at a Nov. 18 work session.
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