BOISE - A public hearing on proposed amendments to the State of Idaho's 2002 Low-Income Housing Tax Credit Allocation Plan will be held Wednesday (Aug. 29) at 9 a.m. at 565 W. Myrtle St., the Idaho Housing and Finance Association announced. The affordable housing community and developers interested in building multifamily housing are encouraged to attend.

The public is invited to attend and make written or oral comments concerning proposed changes to the plan. Copies of the amended Low-Income Housing Tax Credit Allocation Plan are available by calling 208-331-4769. Those unable to attend may submit comments by Aug. 28 to: IHFA Multifamily Finance Department, PO Box 7899, Boise, ID 83707-1899, or by e-mail to dianab@ihfa.org.

The Low-Income Housing Tax Credit Allocation Plan governs Idaho's competitive Housing Tax Credit allocation process and is updated each year. Public input assists IHFA-the state's administrator of Housing Tax Credits-in assessing the plan's effectiveness in meeting housing needs. It also helps maintain a community focus on affordable housing issues throughout the state. The plans and comments will be forwarded to Governor Dirk Kempthorne as part of the approval process.

Idaho's Housing Tax Credit program helps defray construction and rehabilitation costs on apartments, placing rents within reach of lower-income families. The Housing Tax Credit is a U.S. Treasury Department program that provides a dollar-for-dollar federal tax liability reduction to owners of Housing Tax Credit developments.

The Idaho Housing and Finance Association, a financial services and housing organization, provides funding for affordable housing in Idaho communities where they are most needed and when it is economically feasible. IHFA uses no state funds or state employees to support its operations. 

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The Idaho Housing and Finance Association, a financial services and housing organization, provides funding for affordable housing in Idaho communities where they are most needed and when it is economically feasible. IHFA uses no state funds or state employees to support its operations. For more information, visit our Web site at www.ihfa.org.