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The Texas Administrative Code is a subject-based compilation of all rules and regulations promulgated by Texas state agencies. The Code was originally created by legislation in 1977 with the passage of Administrative Code Act . [ 1 ]
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The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
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