Study Says House Tax Plan Negatively Impacts Affordable Housing in NY
The Tax Cuts and Jobs Act (H.R. 1), which proposes the elimination of Private Activity Bonds, would cost the State of New York $4.5 billion in affordable housing investment annually, and 17,000 fewer affordable units would be built each year, according to an impact analysis recently released by the New York Housing Conference (NYHC), a nonprofit affordable housing policy and advocacy organization.
More like this
- California Treasurer Highlights House Tax Plan’s Devastating Impact on Low-Income Housing
- Study Draws Connection Between Housing Instability and Negative Health Effects
- Positives and Negatives in Chicago's Public Housing System, Says Report
- Professor Vogel Urges Congress to Consider Tax Reform Impact on Affordable Housing