U.S. News & World Report, February 7, 2017: Trump advisers’ tax credit plan for infrastructure has risks
“Public-private partnerships aren’t a new concept and many have been successful. Federal tax credits have been used to spur private investment is housing, resulting in tens of thousands of low-income housing developments over the past 30 years. The credits are sold to private entities such as banks and equity firms that invest anywhere from 70 cents to $1.10 in the housing developments for every $1 they receive in credits, a ratio that fluctuates with economic conditions.”