How a Trump Tax Break to Help Poor Communities Became a Windfall for the Rich

President Trump has portrayed America’s cities as wastelands, ravaged by crime and homelessness, infested by rats.

But the Trump administration’s signature plan to lift them — a multibillion-dollar tax break that is supposed to help low-income areas — has fueled a wave of developments financed by and built for the wealthiest Americans.

Among the early beneficiaries of the tax incentive are billionaire financiers like Leon Cooperman and business magnates like Sidney Kohl — and Mr. Trump’s family members and advisers...

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RSK: You can see the catch 22 here. OZ`s are funded by investors...investors are looking for the best possible return with the least risk. So, the cherry-picking has started. Eventually, as those run-out, other less desirable and lower return projects will start. Sort of an economics 101.