Lawrence agreed, saying his group has already gathered data on the effect of the new markets tax credit, which provides an incentive for investing in low-income areas. In one case, the credit helped secure financing to renovate an old factory in Baltimore. It’s now a space used as housing for public teachers and for Teach for America.
“Demand has been growing,” Lawrence said. “These are all defensible tax provisions that should be extended.”
Sen. Jeff Flake, R-Ariz., takes a selfie with his cut-out head during the Hoops for Youth 16th annual charity basketball game held at George Washington University's Smith Center, September 8, 2014. The members of Congress team beat the lobbyist team 46-40. Buy photo here.