Details

Title	Preserving Opportunities: Saving Affordable Homes Near Transit
Highlights	There is implicit recognition that tax policies can discourage affordable housing development.   This article states that low-income housing tax credits can help preserve affordable housing in transit-rich neighborhoods.
Description	This report highlights strategies to preserve low-income housing near public transportation, which the report identifies as the second highest household expense. Based on an eight-city survey, the report states that creating and preserving affordable housing in close proximity to transit facilities can help decrease the cost of living for low-income families. To preserve these low-income housing units, the report urges states and cities to prioritize allocation of tax credits to save affordable housing near transit, create acquisition funds to support rehabilitation of these units, and to maintain and extend existing transit facilities.
Publication Date	2007
Organization	Reconnecting America and National Housing Trust
Web Location	http://www.practitionerresources.org/cache/documents/662/66241.pdf

Notice: The contents of this record reflect the views of the author and/or promulgating municipality, and should not be construed as representing the views or policies of the U.S. Department of Housing and Urban Development or U.S. HUD's Office of Policy Development and Research. No attempt has been made by U.S. HUD or its contractors to verify the accuracy, currency, or validity of the record contents presented herein.