What the new LIHTC fixed rate floor means for affordable housing
The 4 percent LIHTC floor provides a guaranteed baseline of tax credits for any affordable housing project.
Wealth Management • June 2, 2021
Challenges and opportunities for hotel-to-housing conversions in NYC
As the country continues to grapple with the COVID-19 crisis, policymakers in NYC have debated whether and how to support the conversion of hotels into affordable housing as part of a solution to the city’s ongoing housing crisis. These spaces are sitting empty and it is logical to want to use these spaces rather than let them remain unoccupied, and housing is an attractive use.
NYU Furman Center • June 2021
More housing vouchers: most important step to help more people afford stable homes
As the economy recovers from the COVID-19 crisis, high housing costs will continue to cause hardship for millions of renters with low incomes, raising their risks of housing instability and homelessness. The recovery legislation that policymakers will consider soon is a historic opportunity to address this problem. Providing Housing Choice Vouchers to more households — and ultimately to all who are eligible, as President Biden proposed during the presidential campaign — is by far the most important step they can take.
Center on Budget and Policy Priorities • May 13, 2021