Why New Tax Housing Subsidies Would Likely Fail

By Michelle Layser (June 27, 2019, 2:56 PM EDT) -- Last week, House representatives Brian Higgins, D-N.Y., and Mike Kelly, R-Pa., introduced a bill to Congress that would create a new tax credit for neighborhood revitalization. The Neighborhood Homes Investment Act[1] would build onto the current low-income housing tax credit, which has long subsidized the development of affordable rental housing, by providing a new incentive to build affordable owner-occupied housing....

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