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Crosscurrents

How the GOP tax bill would kill plans for new affordable housing in California

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"PRO401(K) 2012" by CC Flickr user 1040 - US Tax Return, resized and recropped
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The Republican tax bill will likely be up for a vote by the end of the week. The final version is expected to be released on Wednesday. These tax changes will hit California harder than much of the rest of the country, and it will likely hit us in a weak spot: the housing crisis.

Our housing reporter Liza Veale is here to give us the details.

 

"This tax bill will cut the number of new affordable rental homes that get built in California. It's possible we'll lose 20,000 new units every year — at a time when we need them more desperately than ever."

Click the audio player above to listen to the fully story.   

 

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Liza got her start in radio with KALW's Audio Academy. Now, she is KALW's econmy reporter and a mentor for in the KALW Audio Academy.