All articles tagged with #low income housing
A study from NYU warns that the Trump administration's proposal to impose a two-year time limit on rental assistance could displace over 1 million low-income families, including many working families and children, potentially causing significant disruption and administrative challenges, with little evidence of successful implementation from pilot programs.
A record number of Americans, especially people of color, are struggling with unaffordable rent increases, with 22.4 million renter households spending more than 30% of their income on rent in 2022. Lawmakers at both state and federal levels are scrambling to address the crisis by proposing measures such as eviction protections, zoning reforms, rent increase caps, and significant funding for building more affordable housing. The housing affordability crisis has led to a dramatic rise in eviction filings and homelessness, impacting the long-term well-being of affected households, especially those making less than $30,000.
House and Senate tax leaders have reached a bipartisan deal to enhance the child tax credit, reinstate business deductions, and increase the low-income housing tax credit. The $80 billion deal aims to nix the employment retention tax credit to fund these changes. The proposal could benefit millions of children and promote innovation and economic competitiveness with China.
A 73-year-old man in a Chicago suburb was boarded up inside his apartment, sparking a debate about rental conditions at a dilapidated low-income complex in Harvey, Illinois. Conflicting accounts from city officials, residents, and the property management company have emerged, with some residents claiming they were not warned about the boarding-up process. The complex, which has been on the city's radar for months due to safety issues, has prompted an investigation by the mayor and city police. Residents express fear and frustration over the situation, with some feeling abandoned and unheard by city officials.
The Biden administration has announced nearly $1 billion in funding for low-income multifamily housing to become more energy-efficient, water-efficient, and resilient to climate disasters. The funding comes from the Inflation Reduction Act, the sweeping climate law that President Biden signed last summer. The program will pay for owners of low-income housing to install rooftop solar panels, heat pumps, and other climate-friendly upgrades. The spending could trickle down to tenants in the form of lower utility bills without increasing their rent.