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What are tax credits?

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What are tax credits?

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A subsidy offered by the federal government to help create affordable housing. The Mortgage Finance Authority manages this in New Mexico. The Sawmill Community Land Trust applied for tax credits in 2004 and were 1 of 6 applicants out of 20 that received housing tax credits. In part, this was due to the exemplary design and points awarded because of the architecture.

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