Baca Sponsors Bill to Encourage Development of Moderate-Income Housing for Senior Citizens

-
By California RealEstateRama -

Washington, DC – August 3, 2012 – (RealEstateRama) — Congressman Joe Baca (D-Rialto) introduced legislation in the House of Representatives to increase the supply of affordable rental housing available for middle-income seniors, who are ineligible to receive subsidized housing benefits that go to the lowest-income individuals. The Affordable Housing for Moderate-Income Seniors Act requires states receiving low-income housing tax credits from the federal government to provide additional credit points on their Qualified Action Plan criteria for developers who are able to build moderate-income housing for seniors

RELATED ARTICLESMORE FROM AUTHOR

Previous articleCONSTRUCTION EMPLOYMENT DECLINES BY 1,000 IN JULY AS INDUSTRY UNEMPLOYMENT RATE DROPS TO 12.3 PERCENT, LOWEST JULY RATE IN FOUR YEARS
Next articleREALTOR® ASSN. LOOKING FOR A FEW GOOD NEIGHBORS