US Politics in Trump era Public date: 03.10.2019 13:07:34

Publisher: NYTimes

Author:

19 Jan 2018

Tax Overhaul Is a Blow to Affordable Housing Efforts

The last time that Congress approved a sweeping overhaul of the federal tax code, in 1986, it created a tax credit meant to encourage the private sector to invest in affordable housing. It has grown into a $9 billion-a-year social program that has funded the construction of some three million apartments for low-income residents.But the Republican tax plan approved last month amounts to a vast cutback, making it much less likely that such construction will continue apace.
The last time that Congress approved a sweeping overhaul of the federal tax code, in 1986, it created a tax credit meant...

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