How Trump's Tax Reform Could Hurt Affordable Housing In Pa. Cities

Dec 27, 2016

 

The Park Ave. apartments in Lancaster were built using federal Low-Income Housing Tax Credits.
Credit Photo Courtesy Pennsylvania Housing Finance Agency

Across the United States generally, and Pennsylvania cities specifically, there's a constant, gnawing issue that worries elected leaders, social service agencies and the poor alike. There's not enough affordable housing and it often feels like there never will be. 

But there would be a lot less affordable housing available if it weren't for the creation of the Low-Income Housing Tax Credit program in 1986. LIHTC was created during the last major tax reform effort undertaken in this country under President Ronald Reagan. 

Now, with the possibility of major tax reform on the horizon once again, this program faces extinction, or perhaps worse, irrelevance. 

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Keystone Crossroads is a statewide public media initiative reporting on the challenges facing Pennsylvania's cities. WPSU is a participating station.