See How Many Jobs, Affordable Rental Homes Each State Would Lose under the Final Tax Reform Bill

Published by Michael Novogradac on Wednesday, December 20, 2017 - 12:00am

As described in Novogradac & Company analysis, the final version of H.R. 1, the Tax Cuts and Jobs Act would reduce the future supply of affordable rental housing by nearly 235,000 rental homes, a loss that will add to the already significant current gap in unmet needs for affordable rental housing nationwide.

That significant reduction in housing production would also mean the loss of about 262,000 jobs and billions of dollars in business income and federal, state and local tax revenue across the United States.

 

Blog Chart Rental Homes, Jobs, Business Income and Tax Revenue Lost Nationally Under Final Tax Reform Bill (Breakdown)
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Here is how these losses would break down by state: 

 

Blog Chart Rental Homes, Jobs, Business Income Tax and Tax Revenue Lost Under Final Tax Reform Bill
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Based on these estimates, here are the states that would suffer the most adverse impacts: 

 

Blog Image The Ten States Poised to Lose the Most Affordable Housing, Jobs Under the Final Tax Reform Bill
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