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Maximizing the Inflation Reduction Act Benefits for Affordable Housing
Highlights of the four provisions in the groundbreaking Inflation Reduction Act that will benefit affordable multifamily housing.
The NMTC is a “place-based” tax credit that drives capital to distressed and low-income Census tracts typically overlooked by traditional investment. Advocates say that making the credit a permanent part of the tax code is the most significant way to realize the full potential of the NMTC program.