Households that are given affordable housing have more money to spend, which can bring more money into the economy, according to a new study from the Furman Center for Real Estate and Urban Policy.
Amanda Fung writes, "The study found that the use of federal low-income housing tax credits is crucial to building and rehabilitating affordable housing, and to helping inner city neighborhoods. By paying affordable rent-monthly rents averaging $500-families were able to more than double their discretionary income, which in turn allowed them to pay for health care, reduce their debt or put money into savings."
FULL STORY: Affordable housing pays off for city
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