Low-Cost Housing For Artists Is Yet Another Victim Of Senate's Tax Bill

"An amendment [added by Sen. Pat Roberts (R-Kansas) would strike artists' housing from the list of qualified groups who can benefit from federally subsidized low-income housing. ... Moreover, as written, the law would also render all existing artists' housing developments built with housing credits retroactively ineligible for the benefit - creating a sudden tax liability for the investors who have used these credits for years."

Article source here:Arts Journal