As described in Novogradac & Company analysis, as currently drafted H.R. 1, the Tax Cuts and Jobs Act 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.

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Here is how these losses would break down by state: 

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Based on these estimates, here are the states that would suffer the most adverse impacts: 

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