There is an ongoing but muffled conversation going on among many housing and community development advocates about the possibility that Donald Trump, as President, will take a scorched earth approach to core programs. Low Income Housing Tax Credits (LIHTC) get mentioned a lot because reductions in corporate tax rates would reduce the value of tax credits. The nomination of Dr. Ben Carson to lead HUD seems to be a bad omen.
Housing policy related to the tax code and banking regulations may, in fact, be important negotiating points between the Republican-led Congress and Trump. And it will certainly call into question the ability of the Democratic minority to hold the line.
That may be right, and advocates and practitioners should prepare for the worst, but it’s too soon to know with confidence.
Jeremy Nowak takes a look at the possibilities for housing policy under Trump in the third installment of his series in The Philadelphia Citizen.