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An op-ed by Sue Reynolds, president & CEO of Community Housing Works, and Matt Schwartz, president & CEO of California Housing Partnership, published in the San Diego Union Tribune notes that the adoption of last year’s tax reform legislation has weakened the Low-Income Housing Tax Credit. The op-ed explains that the Tax Cuts and Jobs Act reduced the top corporate tax rate from 35 to 21 percent, which has reduced pricing and subsequent production for the Housing Credit.
