Encourage Mixed Income Occupancy - This proposal would allow developments to lease to residents earning up to 80% of area median income provided the development maintained an average of residents earning 60% AMI. For residents with incomes under 20% of AMI they would be treated as having an income of 20% AMI for purposes of calculating the development average.
Make the Low Income Housing Tax Credit Beneficial to Real Estate Investment Trusts - This proposal would permit a REIT that receives LIHTCs to designate as tax-exempt some of the dividends that it distributes.
Provide 30-percent Basis “Boost” to Properties that Receive an Allocation of Tax-Exempt Bond Volume Cap and That Consume That Allocation - This proposal is designed to encourage preservation projects.
Require Housing Credit-Supported Housing to Provide Appropriate Protections to Victims of Domestic Violence - This proposal would provide protections similar to the Violence Against Women Act which would be required in all Long-Term Use Agreements. Occupancy restrictions or preferences which favor persons with experiences of domestic abuse would qualify for the “special needs” exception to the general public use requirement.
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