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Trump budget plans cut funds for affordable housing in US

Cutting corporate tax rate weakens a federal tax-credit scheme that supplies funds for housing for the poor

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There has been a drop of at least 10% since Mr Trump's election in the US$14b of private money invested annually in the Low-Income Housing Tax Credits programme.

Washington

THE pool of private funds available to build or preserve affordable housing in the United States has shrunk by about US$1 billion since November, and President Donald Trump's tax plan is to blame - even though it hasn't been adopted yet.

The president's proposal to slash...

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