Florida Housing Finance Corporation (FHFC) recently released a draft white paper that examines the jobs created by the construction and/or preservation of low-income housing tax credit (LIHTC) developments. The white paper reports that new construction creates an average of 340 jobs per property while each preservation project creates 217 jobs. 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.
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