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  Real Estate Buzz


Brian Miller
Real Estate Reporter
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December 14, 2017

On the Block: Affordable housing developers say GOP tax overhaul could be ‘earth-shattering'

The final details of the federal tax overhaul won't be known until the U.S. House and Senate reconcile their bills, with the stated goal of a White House signing ceremony before Christmas, but affordable housing developers are nervously watching two key components.

First is the federal low-income housing tax credit, or LIHTC (pronounced “lie-tech”). Created in 1986 as part of the last major tax reform act, it allows investors to lower their taxes by investing in affordable housing development. (LIHTC comes in 4 percent and 9 percent versions, but the latter is less commonly awarded.) Those credits are bought and sold on the market.


 
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