WASHINGTON, D.C. – August 5, 2013 – (RealEstateRama) — Yesterday, U.S. Senator Maria Cantwell (D-WA) introduced a bipartisan bill along with 20 colleagues to bolster investments in affordable housing developments and the construction jobs that they support nationwide. The Low-Income Housing Tax Credit (LIHTC) helps finance 90 percent of affordable housing projects in the United States. Since the program was created in 1986, it has helped finance more than 2.4 million affordable apartments nationwide, including more than 56,000 in Washington, and has supported 95,000 jobs annually – many of which are in the small business sector.
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