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Matt and Liam discuss the potentially massive consequences of federal tax reform on California’s housing woes. First, an avocado of the week poses the question of whether it’s easier to build a basketball arena or reform California environmental regulations (5:00). Then, a deep dive into the federal tax plan, touching on the fates of the low income housing tax credit (18:00) and the mortgage interest deduction (28:00). Finally, an interview with Mary Murtagh (38:00), a nonprofit affordable housing developer whose projects are already imperiled by tax reform.