Several new reports highlight the increasing need for affordable housing nationwide, underscoring the importance of expanding the Low-Income Housing Tax Credit (Housing Credit). A publication from the NYU Furman Center detailed how the Housing Credit serves as the federal government’s primary financing tool for the construction and preservation of affordable housing. The report shows that since 1986, the Housing Credit has generated a host of benefits for communities, including increased surrounding home values and lower crime rates, as well as providing many residents with access to better schools. Additionally, the AARP Public Policy Institute recently released a report highlighting the importance of Housing Credit properties for the elderly population. The report finds that 30 percent of housing cost-burdened households are ages 62 and older, making the Housing Credit a source of much-needed affordable housing for low-income seniors.
Published by Oklahoma Coalition for Affordable Housing
The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state. View all posts by Oklahoma Coalition for Affordable Housing