President Trump and the current Congress have promised comprehensive tax reform which could mean significant reductions to corporate tax rates that enable affordable housing construction around the country. Though Low Income Housing Tax Credits (LIHTCs) enable developers and investors to construct affordable housing units, House Republicans have proposed lowering tax rates from 35 percent to 20 percent while President Trump has promised to go as low as to 15 percent. Insecurity in the longevity of these tax credits due to upcoming policy changes has already caused investors to reduce or stop developments Diane Yentel, president and CEO of the National Low Income Housing Coalition, told CityLab.

Read the full story here.

Read more >