Policy Updates

  • On Friday, Congress came to agreement on tax reform in a conference report on the Tax Cuts and Jobs Act, reconciling the differences between the House and Senate bills. Private Activity Bonds and the 4% Low Income Housing Credit are retained in the final tax bill. These critical programs, which provide the financing for nearly half of affordable housing in the U.S, were […] Read More
  • TAX REFORM IS CERTAIN TO WEAKEN LIHTC BUT FATE OF PRIVATE ACTIVITY BONDS REMAINS UNCLEAR On Dec. 2, the Senate passed the Tax Cuts and Jobs Act. Like the House Bill, it lowers the corporate tax rate from 35% to 20%, which reduces Low Income Housing Tax Credit prices by about 15%. It is expected that this […] Read More
  • The House tax bill passed yesterday by a vote of 227 – 205, with Rep. Reed, Rep. Tenney, Rep. Katko, and Rep. Collins voting for it in New York. The House tax reform bill eliminates Private Activity Bonds, critical to affordable housing financing.  All hope is not yet lost as the Senate bill, which was voted out […] Read More

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