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The housing crisis requires multiple policy tools
by Ethan Handelman, NHC; Peter Lawrence, Enterprise Community Partners; and Michael J. Novogradac, Novogradac & Company LLP We have a nationwide affordable housing crisis that is growing despite the housing crash. Over 10 million working families pay more than 50 percent of their income for housing-that's nearly one in four working households . In a recent MetroTrends blog post, Robert Lerman argues we should increase funding for programs that help people pay for their housing by reducing funding for programs that create new affordable homes. In fact, we need both approaches to resolve the crisis, and programs like the Low-Income Housing Tax Credit create new homes efficiently and effectively. Real estate is local, so our affordable housing policy by necessity must be somewhat local
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YOUR MESSAGE HERE
The housing crisis requires multiple policy tools
by Ethan Handelman, NHC; Peter Lawrence, Enterprise Community Partners; and Michael J. Novogradac, Novogradac & Company LLP We have a nationwide affordable housing crisis that is growing despite the housing crash. Over 10 million working families pay more than 50 percent of their income for housing-that's nearly one in four working households . In a recent MetroTrends blog post, Robert Lerman argues we should increase funding for programs that help people pay for their housing by reducing funding for programs that create new affordable homes. In fact, we need both approaches to resolve the crisis, and programs like the Low-Income Housing Tax Credit create new homes efficiently and effectively. Real estate is local, so our affordable housing policy by necessity must be somewhat local
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