CHICAGO -- An Illinois housing authority has found a way to cope with the Tax Reform Act of 1986.

When tax reform and the sbusequent passage of the federal tax credit program placed tighter restrictions on the use of tax-exempt bonds for multifamily housing developments, state housing agencies throughout the nation saw the demand for tax-exempt financing drop dramatically.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.