Despite saving tools like the low-income housing tax credit, affordable housing will still take a hit.
With the rental housing crisis becoming acute in many cities nationwide, affordable housing advocates are bemoaning the increasingly difficult task of developing new units. The low-income housing tax credit, created in the 1986 federal tax overhaul, has resulted in 30% of all affordable housing created since. Despite being preserved in the preserved in the latest tax reform, affordable housing is increasingly difficult to provide.
Solutions to address the lack of affordable housing ranges from a proposal to increase the number of tax credits available by 50% to calls for rent control for "naturally-occurring" affordable housing. Compounding the problem is a vast number of units made affordable using low-income housing tax credits will see their programs expire and those units will return to market rate rents.
All of these specifics and more are examined in an article, linked below, by Conor Dougherty.
FULL STORY: Tax Overhaul Is a Blow to Affordable Housing Efforts
House Tax Reform Bill Would Devastate Affordable Housing
The House tax reform bill threats to drastically reduce the number of affordable housing units developed.
As prices skyrocket, San Francisco Mayor declares rent emergency
Landlords in San Francisco have initiated over 2,400 evictions since January, putting the city on track to see more evictions this year than during any year in the past decade.
Residents sue San Francisco for overriding TOD law
Advocates argue that exempting thousands of parcels from Senate Bill 79 is an "egregious example of the city flouting state law."
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
The state-sanctioned urbicide of Austin
People don’t kill cities. Freeways do.
US to reduce Colorado River water deliveries to Mexico
A new Colorado Treaty amendment reduces Mexico’s Colorado River water allocation by 250,000 acre feet.
5 New England states march closer to 800 megawatt wind energy project
Securing federal approval for the project may be complicated under the Trump administration, which has historically been hostile towards domestic wind power.
Baltimore to break ground on $50 million Transit Priority Project
The project will bring faster bus trips, safer streets and better bike connections to Baltimore.
Airbnb launches $250 million 'last-dollar financing' housing accelerator, makes first investment in Austin
The company will put $6.4 million towards affordable housing development in Texas’ capital.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
Eagle County Government
Harvard University Graduate School of Design
Nashville Planning Department
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello
Journal of the American Planning Association