Tax overhaul is a blow to affordable housing efforts, By Conor Dougherty, January 18, 2018, New York Times: “The last time that Congress approved a sweeping overhaul of the federal tax code, in 1986, it created a tax credit meant to encourage the private sector to invest in affordable housing. It has grown into a $9 billion-a-year social program that has funded the construction of some three million apartments for low-income residents. But the Republican tax plan approved last month amounts to a vast cutback, making it much less likely that such construction will continue apace…”
Tag: Low-income housing
Homelessness on the West Coast
Homelessness soars on West Coast as cities struggle to cope, Associated Press, November 6, 2017, CNBC: “In a park in the middle of a leafy, bohemian neighborhood where homes list for close to $1 million, a tractor’s massive claw scooped up the refuse of the homeless — mattresses, tents, wooden frames, a wicker chair, an outdoor propane heater. Workers in masks and steel-shanked boots plucked used needles and mounds of waste from the underbrush. Just a day before, this corner of Ravenna Park was an illegal home for the down and out, one of 400 such encampments that have popped up in Seattle’s parks, under bridges, on freeway medians and along busy sidewalks. Now, as police and social workers approached, some of the dispossessed scurried away, vanishing into a metropolis that is struggling to cope with an enormous wave of homelessness. That struggle is not Seattle’s alone…”
Affordable Housing – Miami, FL
South Florida ranked as the hardest place in nation for low-income renters to find affordable housing, By Linda Robertson, August 16, 2017, Miami Herald: “As the nationwide housing crisis becomes more dire for those who are the most vulnerable, South Florida has been ranked as the metro area with the highest percentage of low-income renters who can’t find affordable housing…”