Vast Majority of Voters Support Housing Credit

Nearly 75 percent of voters are in favor of keeping the Housing Credit in tax reform, the most support of any corporate tax deduction or credit, according to a new poll from Harvard’s Center for American Political Studies (CAPS) and Harris Insights & Analytics.

While the parameters of tax legislation may not be finalized for several months, a recent blog post from Novogradac & Company outlines the potential impacts of a lower corporate tax rate on the Housing Credit. Novogradac recommends adjustments to ensure that Housing Credit production is not reduced in tax reform, at a time when the supply of affordable homes already can’t keep pace with rising demand, including increasing the total Housing Credit authority and modifying the credit percentage formula.