Dec
26

Affordability Absence

 As tight as the affordable rental housing market is, it’ll worsen. The Republican tax plan lowers the corporate tax rate from 35% to 21% and lowers taxes on pass-throughs. These changes will reduce the value of tax credits used to build low income-housing, thus reducing the number of affordable units built by 15% or 14,000 units/year. Other changes make renting relatively more attractive, increasing demand. That will boost market rents.

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  1. Hi Elliot,

    I’m a journalist in Pittsburgh writing about this issue for an outlet called PublicSource.org. Would you mind calling me to discuss these numbers and predictions, if you have some time today? I can be reached at nickkeppler@yahoo.com or 412-925-4104. Thanks for your time and attention.

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