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Real Estate Investors Exploit Communities of Color Through Tax Loophole

Angelo Young
Oct 8, 2019 - 2:00
Real Estate Investors Exploit Communities of Color Through Tax Loophole

While low-income minority communities in the United States continue to struggle with financial marginalization, they are also subject to exploitation by developers luring wealthy investors into projects that provide little or no benefits to the community.  As the federal government tries to crack down on the misuse of a popular cash-for-visa program that awards wealthy foreigners a legal immigration status when they invest in economically distressed areas, the Trump administration’s recent tax overhaul opened...

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