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A number of national organizations are opposing or expressing concerns about the “Middle Income Housing Tax Credit Act of 2016” (S.3384), introduced by Senator Ron Wyden (D-OR) in September. S.3384 would create a new federal tax credit to incentivize developers to build and preserve housing affordable to families earning 100 percent of the area median income (AMI) or below. It’s estimated the bill would cost $4.5 billion annually.
