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.