ChicagoMutualHousingNetwork-UniversityofNorthTexas.docVIP

Tax-Related Comments from Responses toMHC Solicitation Letter  PAGE 21  HYPERLINK /responses/125001.doc Chicago Mutual Housing Network Changes to LIHTC Tax credits are one of the few deep subsidy programs that we have utilized for housing production, but the fifteen year wait for actual tenant ownership make tax credits an unworkable solution for the creation of housing co-ops. The recent federal expansion of the tax credit program will result in more affordable rental property constructed, but will not assist us in creating tenant ownership opportunities for low-income families. We nee