With the passage of the Tax Cuts and Jobs Act (“Act”), there is much concern, as well as confusion, as to the impact the new legislation has on both businesses and individuals alike. The tax changes contained in the Act are the most sweeping since the Tax Reform Act of 1986. As with any tax change, there will be winners and losers, but all taxpayers should be familiar with how the new legislation could impact their specific situation. This panel will cover considerations relating to the tax changes and how it will impact current and future deals of the affordable housing industry. Items that will be covered include changes in interest expense deductibility, depreciation, income averaging elections, 20% deduction for qualified business income of pass-through entities, opportunity funds and more!