Via the Low-Income Housing Tax Credit program, sale of tax credits is how the US has funded below market rate housing at the Federal level since the tax reform

Via the Low-Income Housing Tax Credit program, sale of tax credits is how the US has funded below market rate housing at the Federal level since the tax reform of 1986. https://www.huduser.gov/portal/datasets/lihtc.html https://www.huduser.gov/portal/datasets/lihtc.html Reductions in corporate tax rates at the Federal level have the effect of shrinking the pool of money for development of housing at below market rates because they make demand for tax credits fall. But of course, reducing the supply of below market rate housing is a feature not a bug for people who seek market rate rents on housing assets.