House tax plan threatens not-for-profit financing in California
The House plan would end the federal tax exemption on private activity bonds used by hospitals universities and affordable housing in California raising borrowing costs by 0.5 to 1.5 percent. Keck Graduate Institute could face higher interest increasing 30 year costs and student rents.
MENTIONED IN THIS ARTICLE
Senate
California
John Chiang
Kevin McCarthy
R-Calif
Los Angeles Times
Chiang
McCarthy
Keck Graduate Institute
Claremont Colleges
Bor
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