Building on recently published research by Novogradac & Company, a new analysis contained in an advocacy letter from the law firm Norris George & Ostrow, PLLC draws attention to the impact of the the elimination of Private Activity Bonds (PABs) proposed in HR 1, observing it would reduce affordable housing production by as much as 75,000 units per year or about 60% of the nation’s annual affordable housing production. Furthermore, the analysis cites data from the Bond Buyer that demonstrates that 69% of all PABs are issued to finance affordable housing – a critical statistic emphasizing the role PABs play in addressing the affordability crisis. The letter and analysis is available for download on NH&RA’s website and members are encouraged to include this analysis in their advocacy efforts.
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