What is the most likely effect of deforestation that results from urbanization of an area?

The effect of deforestation due to urbanization is partly to lose habitat for wildlife that lived in the forest and also it can increase erosion if it is on a mountainside with somewhat steep terrain, for example. On the other hand, once a new section of city is developed properly, it may have have new parks which can provide some habitat for small animals like squirrels and also birds.