Landlords can save $1M with this affordable housing tax break, but what's in it for renters?

R.A. Schuetz and Marissa Luck discuss a tax break meant to create affordable housing that's in the center of some controversy. Public Facility Corporations have drawn scrutiny both in Houston (we'll hear about some tense words between Mayor Sylvester Turner and the housing authority) and in the state Capitol, where the Texas legislators are battling over how to reform the tax break as the session hurtles toward its end. Links: Big tax cuts for not-so affordable housing draw scrutiny in Houston and the Texas Legislature: https://www.houstonchronicle.com/news/houston-texas/housing/article/pfc-houston-housing-authority-state-bills-18074104.php After backlash in high-income Tanglewood, Houston pauses affordable housing deals across city: https://www.houstonchronicle.com/news/houston-texas/housing/article/houston-affordable-housing-tanglewood-17762281.php How a tiny Texas government is scoring big tax breaks for developers across the state: https://www.houstonchronicle.com/politics/texas/article/How-a-tiny-Austin-area-government-is-scoring-big-17491395.php Learn more about your ad choices. Visit megaphone.fm/adchoices