Using HTCs to Spur Housing Market

The Historic Tax Credit (HTC) Program is often used not only to preserve historic buildings, but also to develop affordable housing. If one building in a development is deemed "historic," the tax credits help fund the entire project. The program has become an important tool in the creation of low-income housing, and is often used to make development projects more financially viable by providing additional funding, but also by encouraging private investment. A bill introduced into the House of Representatives aims to make the program even more effective.

Source: http://EzineArticles.com/6550971

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