By Peter J. Reilly | Forbes
Opinions expressed by Forbes Contributors are their own.
By my admittedly imprecise anecdotal computations they do 90% of the actual work in the larger firms
There is a concern that comprehensive tax reform might have a bad effect on the supply of affordable housing and it is not the home mortgage deduction I am talking about. It is the low income housing tax credit, which is turning thirty this year. And even the prospect of comprehensive tax reform is already having an effect. In a post titled What Does Equity Market Uncertainty Mean for Recent, Upcoming LIHTC Awards, Mark Shelburne wrote:
If substantial tax reform is enacted, it will undoubtedly result in lower corporate rates, which in turn reduces the value of some tax benefits. Because of this distinct possibility, some low-income housing tax credit (LIHTC) investors have paused activity, and others are making decisions based on less equity per dollar of credit (sometimes referred to as the “price”).
