Jeffrey Whiting, CEO of CREA and President Emeritus of the Affordable Housing Tax Credit Coalition, recently published an article in The Hill titled “How to marry housing policy and tax reform for millions of Americans”. Whiting reminds us in the face of tax reform that “current dislocation in the housing credit market is likely temporary” and that equity pricing can go up and down just like any market.
Whiting importantly notes that tax reform is an opportunity to strengthen and expand the Low Income Housing Tax Credit, a program that enjoys bi-partisan support, and that reform presents an opportunity to create jobs, increase Gross Domestic Product, and benefit LIHTC residents. The full story is available here.
