THE GOOD, BAD AND HOPEFUL ASPECTS
OF THE CENTURY-OLD TOOL THAT DETERMINES
EVERYTHING ABOUT THE PLACES WE LIVE, WORK AND PLAY
The Low-Income Housing Tax Credit (LIHTC) is a federal program providing tax credits to developers who build new housing for low-income renters.
The VITAL Act would increase funding for the
LIHTC program to increase the number of accessible homes.
“Investments in accessible housing are
central to guaranteeing better outcomes in health and satisfaction for older
adults and people with disabilities,” Senator Bob Casey, D-Pa., chair of the
Senate Special Committee on Aging, said.
Casey also is developing legislation to provide assistance for land banks, which can address a number of issues by acquiring abandoned/vacant property and using it for affordable housing.
Land
banks serve a need while also uplifting the value of neighborhoods by replacing
blighted lots with fresh infill development.
No comments:
Post a Comment