Housing Crisis: Tax Law Changes Stall Affordable Homes
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Last years tax law changes aimed to boost the USs Low-Income Housing Tax Credit program, but unexpected roadblocks have slowed its impact. The surge in credits has driven down their price, and larger projects are straining bank financing. Developers and investors are frustrated, as the market slows amid a housing crunch. Lawmakers face pressure to address funding gaps and pending bills that could unleash billions in private cash. Tech firms are stepping in with loans and credits, but legislation remains stuck on Capitol Hill.
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