The Traderszone Network

Published in TZ Latest News 22 March, 2017 by The TZ Newswire Staff

Trump’s proposed tax overhaul puts affordable housing in jeopardy

President Trump’s proposed tax code changes — which could reduce the corporate tax rate from 35 percent to 15 percent — have slowing down private investment in affordable housing projects. The affordable housing industry is worth around $10 billion and represents about one-quarter of all new apartment construction in the United States, the Wall Street Journal reported. The industry relies on Low Income Housing Tax Credits for money, which often determines if a project actually […]

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