The bonds are often used along with the low-income housing credit, which offers a tax credit to developers that build affordable housing. A tax credit that encourages building of low-income housingBoth tax plans seek to lower the corporate tax rate, which experts said would weaken the value of the Low-Income Housing Tax Credit. The Low-Income Housing Tax credit is the federal government's primary tool to entice private equity to invest in affordable housing. Tax credits that help revitalize poor neighborhoodsHouse lawmakers are also calling for the elimination of the New Markets Tax Credit and the Historic Tax Credit. But renovating older buildings can be a money pit, which is why experts said the Historic Tax Credit is so crucial.

Source: CNN December 09, 2017 16:18 UTC