LinkLinks UrbanTurf: DC Councilmember To Propose Tax on High-Income Earners to Fund Affordable Housing By Editor On Jul 7, 2020 Last updated Jul 7, 2020 23 Share DC Councilmember Charles Allen is expected to introduce an amendment to the Budget Support Act on Tuesday that would modestly increase income taxes on individuals earning at least $250,000 to fund a local version of low-income housing tax credits (LIHTC). LIHTC is a federal tax-based means of subsidizing affordable housing production and renovation. 23 Share FacebookTwitterReddItWhatsAppEmailPrint
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