Trump Corporate Tax Shakeup Puts Housing Developers in Tailspin

Caleb Roope’s company was close to nailing down the financing to build 477 apartments outside San Francisco for senior citizens and working families, counting on the cash to be raised from selling U.S. tax credits it received to develop affordable housing.

Then after Donald Trump, who vowed to slash taxes, won the presidential election, the value of those credits plunged — and the plans fell through. “It was already hard enough to make the projects work, given the construction costs,” said Roope, chief executive officer of the Pacific Companies, an Eagle, Idaho-based builder. “The double whammy of the interest rate pickup and then the tax credit pricing decline has really put a lot of projects in jeopardy.”

The prospect of deep business-tax cuts has roiled a vital, if little known, market that pumps billions into affordable housing each year. The price of such credits has tumbled as much as 15 percent



Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!