In July 2022, the Texas Department of Housing and Community Affairs (TDHCA) awarded nearly $80 million in housing tax awards that will help finance the development or rehabilitation of 61 rental properties, offering reduced rents and increased housing options throughout the state. Awards provided through the 2022 Competitive (9%) Housing Tax Credit (HTC) Program allocation will help developers construct or rehabilitate a total of 4,024 units offering rents affordable to households earning up to 80% of the area median family income. This year's Competitive 9% HTCs are expected to help finance the building of 41 high quality, new properties with a total of 2,970 units, and the rehabilitation of 20 properties offering 1,054 units to income-eligible households across the state. The at-risk set aside, totaling more than $11.8 million for the 2022 cycle, is used for the rehabilitation or reconstruction of aging housing developments that could soon lose rental subsidies provided to their low-income residents.
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