Legislators in five U.S. states this year will consider laws that create a state tax incentive program for low-income housing developers.
The lack of affordable housing around the country is inspiring states, namely Iowa, Kansas, Kentucky, North Carolina, and Ohio, to consider new legislation that would create tax breaks for low-income housing developers, according to an article by Kristian Hernández for Pew's Stateline.
"The state programs are designed to supplement the federal Low-Income Housing Tax Credit program, known as LIHTC, which was created in 1986," explains Hernández. These state tax break programs are growing in popularity as more communities around the nation grapple with a lack of housing affordable to lower income households.
"Nationwide, there is a shortage of some 7 million rental homes that are affordable to the lowest income households, according to an annual report released in October by the Public and Affordable Housing Research Corporation and the National Low Income Housing Coalition," writes Hernández. "By 2031 that number could be closer to 8 million, as rent restrictions expire on some 745,000 homes where, because of federal programs, tenants pay less than market rent."
Arizona created its own program in the past year, and legislation in Mississippi came up just short. For insight into the need for a state version of the LIHTC program, the article digs deeper into the Arizona examples, including soundbites from Ruby Dhillon-Williams, assistant deputy director of housing and community development for the Arizona Department of Housing, who says the state has particular need for affordable housing options in rural areas and for rental properties near healthcare facilities.
According to the article, the other 22 states with low-income housing tax credit programs are Arkansas, California, Colorado, Connecticut, D.C., Georgia, Hawaii, Illinois, Maine, Massachusetts, Missouri, Nebraska, Nevada, New Jersey, New Mexico, New York, Oklahoma, Pennsylvania, South Carolina, Utah, Vermont, Virginia and Wisconsin. Among those states, according to Hernández, Colorado has been one of the most successful in leveraging tax breaks for low-income housing development.
More details and background are available in the source article below.
FULL STORY: Here's One Way States Are Boosting Affordable Housing
Coming Soon to Ohio: The Largest Agrivoltaic Farm in the US
The ambitious 6,000-acre project will combine an 800-watt solar farm with crop and livestock production.
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
U.S. Supreme Court: California's Impact Fees May Violate Takings Clause
A California property owner took El Dorado County to state court after paying a traffic impact fee he felt was exorbitant. He lost in trial court, appellate court, and the California Supreme Court denied review. Then the U.S. Supreme Court acted.
How Freeway Projects Impact Climate Resilience
In addition to displacement and public health impacts, highway expansions can also make communities less resilient to flooding and other climate-related disasters.
California Grid Runs on 100% Renewable Energy for Over 9 Hours
The state’s energy grid was entirely powered by clean energy for some portion of the day on 37 out of the last 45 days.
New Forecasting Tool Aims to Reduce Heat-Related Deaths
Two federal agencies launched a new, easy-to-use, color-coded heat warning system that combines meteorological and medical risk factors.
City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
Tufts University, Department of Urban and Environmental Policy & Planning
City of Universal City TX
ULI Northwest Arkansas
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.