- Created: Thursday, 31 March 2011 17:41
On Monday, a bill was introduced to spur affordable housing development through a state tax credit. The tax credit, backed by the HousingJobs Campaign, would help fund rental housing intended for low- and moderate-income people.
At least half of all state or federally-funded rental housing developed in the state of Minnesota currently depends upon federal housing tax credits for the projects to be viable. This new proposal would expand the number of projects that would move forward.