Posted on November 3, 2017 by Sally Goldenberg in Politico New York Politico New York, By Sally Goldenberg A Republican-backed proposal to repeal tax-exempt bonds would decimate affordable housing in New York, according to a group of advocates who are mobilizing to block the plan. The GOP tax reform plan, released Thursday, would cost New York $4.5 billion in financing to provide housing for low- and moderate-income tenants, the New York Housing Conference said in a release Friday afternoon. The loss totals 17,128 homes, the advocacy group said.
