Affordable Housing Makes Life - Well, Affordable

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.
June 27, 2010, 1pm PDT | Tim Halbur
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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."

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Published on Friday, June 25, 2010 in Crain's
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