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Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
In terms of benefits of the LIHTC program, a 2011 analysis published in the Housing Policy Debate journal found that increases in the use of tax credits are linked to reductions in racial segregation in metropolitan areas. [39] This means that LIHTC projects do not tend to lead to increased segregation, even in areas with elevated poverty levels.
In order to find the least affordable cities in America, SmartAsset looked at housing data for 584 American cities. We collected data on the following three factors: Rent as a percent of income.
Where 10 years ago, you would have said there are three housing markets in America, now that easy three-way divide has gotten more complicated because in some of those fast-growing, low-cost ...
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The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
Fixing the housing crisis and creating a broad scale public housing program that makes these groups’ lives better promises to give these crucial constituencies a reason to turn out to vote.