Baca Sponsors Bill to Encourage Development of Moderate-Income Housing for Senior Citizens

Baca Sponsors Bill to Encourage Development of Moderate-Income Housing for Senior Citizens

Washington, DC – August 3, 2012 – (RealEstateRama) — Congressman Joe Baca (D-Rialto) introduced legislation in the House of Representatives to increase the supply of affordable rental housing available for middle-income seniors, who are ineligible to receive subsidized housing benefits that go to the lowest-income individuals. The Affordable Housing for Moderate-Income Seniors Act requires states receiving low-income housing tax credits from the federal government to provide additional credit points on their Qualified Action Plan criteria for developers who are able to build moderate-income housing for seniors

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