flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Trump’s proposed corporate tax rate changes said to stifle funding for affordable housing

Codes and Standards

Trump’s proposed corporate tax rate changes said to stifle funding for affordable housing

Banks reluctant to commit to specific deals with tax credit status uncertain.


By Peter Fabris, Contributing Editor | May 16, 2017

Pixabay Public Domain

Proposed changes to the corporate tax rates have stymied funding for affordable housing, according to a California housing executive.

The Trump Administration has vowed to lower taxes for businesses, and this stance has caused a halt since December 2016 in the issuance of letters of intent from major investors in affordable housing. About 90% of affordable rental housing projects stem from the federal Low-Income Housing Tax Credit (LIHTC).

This program encourages the investment of private equity in the development of affordable rental housing for low-income households through tax incentives. With the uncertain impacts of tax reform, big banks are currently reluctant to commit to specific deals.

Some are calling on Congress to protect the LIHTC and increase the allocation of credits to prevent an affordable housing crisis from getting worse.

Related Stories

HVAC | Feb 6, 2015

ASHRAE, REHVA publish guide to chilled beam systems

The guide provides tools and advice for designing, commissioning, and operating chilled-beam systems.

Codes and Standards | Feb 2, 2015

AGC working with EPA on website to help with environmental rule compliance

The goal is for the site to be improved to make it easier for construction contractors to learn how to comply with federal and state environmental guidelines.

| Feb 2, 2015

New York law requires informing firefighters of wood truss construction

New York enacted a law that could make firefighting a bit safer by mandating property owners inform government and first-responders when they build or rehabilitate a building using "truss-type" pre-engineered wood or timber.

| Jan 14, 2015

Ontario code changes boost accessibility for people with disabilities

The new amended Ontario building code includes several provisions that improve accessibility for those with disabilities.

| Jan 14, 2015

American Concrete Institute releases Spanish edition of structural concrete code

New York City last year adopted the National Institute of Standards and Technology (NIST) recommendation to require additional exit stairways in high-rise buildings.

| Jan 14, 2015

Terrorism Risk Insurance Act renewed

President Barack Obama signed the Terrorism Risk Insurance Act law on Jan. 12.

| Jan 9, 2015

Academy of Art in San Francisco under fire for code violations

The fast-growing Academy of Art is under intense scrutiny by the City of San Francisco for code violations.

| Jan 9, 2015

New law mandates storm shelters in Illinois schools

An Illinois law took effect on Jan. 1 that requires all new and remodeled schools to have storm shelters.

| Jan 9, 2015

New OSHA regulations on reporting workplace deaths, hospitalizations take effect

As of Jan. 1, all employers under the jurisdiction of OSHA are required to report all work-related fatalities within eight hours and all in-patient hospitalizations, amputations, and losses of an eye within 24 hours.

| Jan 9, 2015

Zoning policy makes Bethesda, Md., a model walkable suburb

In sharp contrast to most suburban communities in the Washington, D.C. area, Bethesda, Md., stands out as a fine exemplar of the new urbanism ethos.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021