Had a scary convo today abt how this makes Low-Income Housing Tax Credits less attractive to banks & may crush affordable housing productionhttps://twitter.com/nytimesbusiness/status/817830178604851200 …
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I was being a bit hyperbolic, but just do the math on it.
If a $1 tax credit costs 80¢, and the investor gets to write down that 80¢ as an operating expense. 2/x
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