Florida HFA Seek Comments on Paper That Compares Job Creation of New Construction vs. Rehab/Preservation.

Thanks to Novogradac for tip. Florida HFA paper for comment by FEB 17th can be found HERE. 

From Novogradac summary: 

The white paper examines whether constructing new LIHTC developments or preserving existing developments creates more jobs. FHFC found that new construction creates, on average, 340 jobs per property whereas each preservation project creates 217 jobs. When considering the amount of tax credits needed for a project, the study also found that FHFC can fund an estimated 22 preservation developments to create 4,772 jobs versus an estimated 12 new construction developments, which create 4,079 jobs. FHFC will accept comments on the draft until 5 p.m. February 17 and anticipates releasing the final version of the white paper at the end of this week.

Originally created and posted on the Oregon Housing Blog.