The White House is putting its money where its mouth is when it comes to creating greater housing affordability.
Marcus & Millichap and industry groups laid out how it is incentivizing the construction of lower-income housing in various forms – the primary goal of the Housing Supply Action Plan.
Updated for October, for example, its proposed income averaging provision for the Low-Income Housing Tax Credit would make development more feasible in sparsely populated areas, by no longer requiring all tenants to meet the same income threshold.
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