Affordable Housing Finance, a housing finance magazine, had its Editorial Advisory Board give their predictions for the affordable housing industry in 2017. Many of the board members expressed thoughts on the impact of the presidential election on tax reform and the low-income housing tax credit (LIHTC) market.
The strategic policy advisor at Nixon Peabody, Deborah VanAmerongen, anticipates that the LIHTC will soon incorporate new provisions that came from a bi-partisan bill to expand the LIHTC by 50%. This bill was presented last year by Sens. Maria Cantwell (D-Washington) and Orrin Hatch (R-Utah).
Regardless of what tax reform and a new administration brings to the LIHTC, Bart Mitchell, President and CEO of nonprofit The Community Builders stated that one thing remains certain, “Quality housing provides major health benefits and improved neighborhood effects.”
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