Denton City Council discussed changes to the housing tax credit program requirements in order to provide more affordable housing to residents at a Nov. 18 work session.

The details

The housing tax credit program is a federally funded, state-administered program that supports affordable housing by giving tax exemptions to developments that include income-restricted rental housing, per city documents.

Since Denton adopted its current policy in 2018, nine projects have received council support and later received tax credit awards, producing 1,595 affordable units, city documents state . However, only 283 of those units serve households earning below 50% of the area's median income, according to city documents.

In response to council concerns raised during past project reviews, ci

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