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
Mon, Jul 03, 2017 - 5:50 AM
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.
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.