What the Federal Tax Bill Means for NYC’s Affordability Crisis

While advocates in New York City are pressing the mayor and governor to invest more in NYCHA, commit to deeper affordability, and end homelessness, the federal government is moving forward with a tax overhaul that could undermine these ambitions.

On Friday, Republicans released a reconciled version of the Senate and House tax bills. A vote on the final measure is expected this week. If approved, the consequences for the country could be enormous, but the full range of impacts is still poorly understood, and policy analysts are working to determine what we can expect.