“The rate reduction – which went into effect Jan. 1 – directly and adversely affects (low-income housing tax credit) equity pricing,” the company wrote in a press release Tuesday. “Recent market pricing had been at about a 25 percent corporate rate, so going to 21 percent will lead to an additional 3 percent to 4 percent drop, all other things being equal.”


If the county corporation can’t come up with the remaining $1.5 million, County Judge Sarah Eckhardt said county officials will have to dip into the taxpayer funds to build the project, something they are trying to avoid. “If we can’t close that gap ... then it will be an early symptom of the tax bill costing regular taxpayers, making the price of government higher,” Eckhardt said.


Winter 2018 / 2019


TALHFA


Page 13


Talk


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