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Republican tax plan could grind affordable housing construction to a virtual halt

Posted by   /  November 8, 2017  /  No Comments

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By Andrea Riquier | Realtor.com®

The tax plan proposed by Congressional Republicans will likely decimate production of new affordable rental housing, even as housing shortages across the country are driving rents higher and taking ever-larger shares of Americans’ incomes.

The plan released last week by the House Ways and Means Committee preserves a well-regarded program called the Low Income Housing Tax Credit — but effectively guts it. That’s because about half of all low-income housing credit development is done in conjunction with private activity bonds, a financing method that the plan scraps.


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  • Published: 9 months ago on November 8, 2017
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  • Last Modified: November 8, 2017 @ 6:50 pm
  • Filed Under: Real Estate

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