Locations in Atlantic & Cape May Counties  (609) 927-1177
  • Banner5

    Trusted Legal Advice

  • Banner8

    Personal Attention. Proven Results.

  • Banner2

    Since 1974

Tax law changes affecting tax credits to invest in affordable housing

This article in the Inquirer explains how the new tax law will negatively impact investment in affordable housing projects throughout the country. Tax credits allowed those in high tax brackets to reduce their tax obligations if they invested in low income housing developments. But with corporate tax rates being reduced, the incentive for affordable housing investment going forward is diminished because of changes in depreciation and the interest deduction. Developers will need to fill in financing gaps with other sources or reduce the number of affordable units being constructed. 

Construction Permit No Longer Required for Roofing...
NPD Partner Eric Goldstein Obtains Dismissal of Co...

logo art