Rancho Cucamonga, CA – National CORE today hailed new legislation that would create a federal tax framework for preserving America’s aging affordable housing while encouraging long-term private investment in rehabilitation.

U.S. Rep. Mike Carey, D-Ohio, introduced the Housing Opportunities and Preservation (HOPE) Act on July 2 to address the urgent for funding streams that will help preserve and rehabilitate existing affordable rental housing.

READ MORE HERE.