Novogradac & Company has expanded its recent analysis of the currently drafted H.R. 1, the Tax Cuts and Jobs Act, which would reduce the future supply of affordable rental housing by nearly 1 million rental homes, a loss of as much as two-thirds current affordable rental housing production.
That significant reduction in housing production would also mean the loss of more than a million jobs and billions of dollars in business income and federal, state and local tax revenue across the United States. Click here to view the full post on Novogradac & Companies website.
Here is how these losses would break down by state: