Low income housing tax credit program celebrated for benefiting community

YWCA24

A milestone was celebrated in South Bend on Tuesday.

August 2 marks the 30th anniversary of the low income housing tax credit program, which helped build the YWCA’s shelter for women and children 13 years ago.

As a result of the program, some 20,000 women and children have found safe shelter and stability at the YWCA.

The tax credit program gives incentives for the using private equity in the development of affordable housing.

Sen. John Broden said, “It’s always been clear that these projects would not be happening but for these tax credits and their ripple effect throughout our communities in terms of lives, investment, and jobs.”

“On a day like this, when you come to the YWCA, and you hear testimony from people who have resided here and just how it’s changed their lives… You can’t take that for granted,” Broden continued.

The building has helped many women get back on their feet and move forward with their lives.

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