Abbott announces $87.7 million in housing tax credits
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Texas Governor Greg Abbott announced that the Texas Department of Housing and Community Affairs (TDHCA) has awarded $87.7 million in housing tax credits to help finance the development or rehabilitation of 54 rental properties offering reduced rents and increased housing options for Texans throughout the state. Provided through the TDHCA Housing Tax Credit Program (HTC), these awards will help developers construct or rehabilitate more than 3,100 housing units and offer affordable rent to households earning up to 80% of the median family income in their respective areas.