Earlier this month, Denison City Council finally came to a decision in regards to a proposed Housing Tax Credit multifamily development. The council expressed support for the Parkdale Villas development, which is planned for the northeast corner of FM 120 and Parkdale Lane. Austin movers and packers were happy to hear that the plans were approved, as the new development will create more affordable housing in Denison, which is much needed.

It is important to understand how these affordable housing plans based off of tax credits work, so the movers at All My Sons Moving & Storage Austin have detailed out how and why these plans are typically passed:

– Through tax credit programs, the federal government offers incentives for the development of affordable housing options for low-income individuals and families.

– The tax credits can be used to acquire funding for project development, allowing developers to offer low rental prices.

– Housing Tax Credit paves the way for affordable housing in Denison and affordable housing for everyone

During the Denison City Council meeting, two senior housing developments were not supported and Development Services Director Gabe Reaume explained that their focus is to provide affordable housing in Denison for everyone, rather than just for seniors.

If you are moving to Denison and looking for an affordable neighborhood and housing, stay up-to-date on the Parkdale Villas development, and let All My Sons’ Austin movers help make your move easy and stress-free. Our Austin movers can pack and unpack all of your belongings, as well as recommend affordable housing options in Denison.