US: Congress may protect, expand special tax break for low-income housing developers
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Lawmakers are scouring the tax code to eliminate credits and deductions as part of a broad tax reform, but Congress appears poised to protect and perhaps to even expand a special break for real estate developers who build rental housing for low-income people.
The credit has helped finance some 2.4 million units as of 2014, and the cost — an estimated $34 billion over the next 10 years, according to congressional scorekeepers — is relatively small in the context of trillions of dollars likely to shift in the budget under any tax reform.
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Source : US: Congress may protect, expand special tax break for low-income housing developers