Increased Tax Credits for Accessible Housing Serving People with Disabilities.
This bill boosts tax credits for developers who build low-income housing units specifically designed for people with disabilities. The goal is to increase the supply of accessible housing that meets specific design standards. The increased credit is prioritized for projects located in areas with high walkability, ensuring better community access for residents.
Key points
The Low-Income Housing Tax Credit is increased (to 150% of the eligible basis) for projects where at least 50% of units are adapted for occupants with disabilities.
The incentive applies only if the housing is located in areas designated as having above-average walkability, promoting integration and ease of movement.
The change aims to make financially feasible the construction of more safe and accessible homes for low-income individuals with disabilities.
Status:
Expired
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