Commentary: Tax credit is a path to more rental housing

06/11/2014 | Housing Wire

The U.S. has a shortfall of 4.9 million rental units that are affordable to people with extremely low incomes, according to the Harvard Joint Center for Housing Studies, and the situation could worsen as more renter households form, driving up demand and rental rates. The Low-Income Housing Tax Credit is a tool that can help create more supply, writes Pam Patenaude, director of housing policy at the Bipartisan Policy Center. She argues that Congress should increase funding for this program.

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