(RECAP: The election has increased the likelihood of substantial tax reform being enacted in the coming years. This has renewed concerns about the potential effects—intended and unintended—of that reform on the low-income housing tax credit (LIHTC). Simply place, if current efforts to enact corporate tax reform are successful, the resulting changes to the tax code will affect the amount of LIHTC equity that can be raised and in turn the number of affordable rental apartments that can be built or preserved. It’s vital to note that the overall effects of tax reform could be net positive or net negative, depending on the totality of the impact of the various changes.)

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