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Fort Worth affordable housing developments receive $8 million in tax credits
CBSNEWS writes:
“The Texas Department of Housing and Community Affairs recently announced more than $95 million in housing tax credits to develop or renovate 63 rental properties across Texas to address the affordable housing need.
Eleven of the developments are slated for North Texas.
“It’s a big issue for all cities,” said Amy Connolly, the assistant director of City of Fort Worth Neighborhood Services. “In the DFW area, growth is just so tremendous.”
Fort Worth in particular has been impacted by the population and business boom.
“We’re building a lot of apartments and we’re building a lot of single-family homes, but we’re not really keeping up with the affordable housing need,” Connolly said.”
Read more in the article below:
cbsnews.com
Fort Worth affordable housing developments receive $8 million in tax credits
According to the city, there's about a 23,000-unit gap in housing affordability in Fort Worth.
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