Analysis

'Pain & Confusion' In Affordable Housing Market Under Trump

Law360, Minneapolis (January 31, 2017, 3:06 PM EST) -- The affordable housing community is scrambling to figure out how to ensure current projects stay on track and how to find funding for future construction amid a host of uncertainties in Washington, chief among which is concern about the corporate tax rate being lowered, according to lawyers and developers.

President Donald Trump said repeatedly during the campaign that he’d like to lower the corporate tax rate from 35 percent to 20 percent, and lawyers say that if that were to happen corporations that invest in low-income housing tax credits would have less incentive to do so, since such investments typically go...

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