Affordable housing project hinges on availability of tax credits

The Seattle-based Low Income Housing Institute is still interested in building affordable housing in Aberdeen or Hoquiam, but the timing hinges on the availability of federal tax credits, according to executive director Sharon Lee. The state Department of Commerce has available funding that would also be helpful. “We will have a regular appropriation of about $10 million, and another $7 million to $8 million on top of that,” said Corina Grigoras, managing director of the Department of Commerce’s housing trust fund.

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Source: The Daily World