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.

1 minute read

June 27, 2010, 1:00 PM PDT

By Tim Halbur


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."

Friday, June 25, 2010 in Crain's

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