Income-based housing benefit: Difference between revisions
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BT Online. "[http://www.businesstoday.in/sectors/infra/house-rent-government-vouchers-payment/story/247697.html Government might soon pay your house rent through vouchers in 100 Indian cities]." March 9th, 2017. [http://www.businesstoday.in/sectors/infra/house-rent-government-vouchers-payment/story/247697.html http://www.businesstoday.in/sectors/infra/house-rent-government-vouchers-payment/story/247697.html].<br/>
== Portable housing benefit (in Canada's National Housing Strategy, 2017) ==
== ==
from [OAFB 2017]:<br/> "As policies that supported a healthy rental system disappeared, so too did the commitments to rent-geared-toincome units (RGI), or what is more commonly referred to as social housing. Until 1994, Canada’s social housing program had been building 20,000 new units per year, which greatly boosted the availability of housing options for low-income Canadians.25 Around the same time, the Government of Ontario transferred all responsibility of operating and maintaining existing social housing units to the municipalities, which lack the taxation powers and revenues seen at the provincial and federal levels.28 This added increased strain on the budgets of cities and towns across the province, and to this day continues to contribute to the poor quality and long wait lists associated with social housing. With little investment in affordable housing since the 1990s, Ontario’s housing market has been headed towards a state of emergency for years."
"The current federal investment of $11 billion for a National Housing Strategy is promising; however, it has yet to be announced when this funding will be released and where it will be invested. The Ontario Association of Food Banks believes that part of this funding should be invested into [the proposed] portable housing benefit for low-income households
"Under this recommendation, the portable housing benefit would be provided directly to a low-income tenant to ensure that their rent does not exceed 30 per cent of their household income. At its most basic, this benefit would allow low-income families to stay in their homes, and complement supply-side efforts to build new, or repair aging, social housing units. Beyond this, a portable housing benefit would drastically reduce the red tape that is involved in managing the various social housing systems that are in place across the province, helping to reduce wait times and ensuring that families in need are able to secure safe and adequate housing as quickly as possible. At present, individuals that live in rentgeared-to-income housing experience a number of challenges. For example, in the current system, an individual living in social housing cannot move out of fear of losing their RGI unit. As the current benefit is tied to that specific unit, if an individual must move cities for any reason, whether it be employment or to be near family, they would then return to the bottom of the waiting list, where they would likely remain for years before landing a new affordable unit. A portable housing benefit would allow for greater choice and flexibility, providing individuals with the ability to move more freely throughout the province and pursue new opportunities.
"To put the cost of the portable housing benefit into context, it is important to note that all three levels of government already subsidize both homeowners and market-rate private renters. In 2008/2009, the subsidies to both totaled $8.9 billion, with the vast majority ($8.4 billion) targeting homeowners through policies like the First-Time Home Buyer’s Tax Credit, capital gains tax exemptions on primary residences, and home renovation tax credits. Much of these homeownertargeted benefits ended up in the hands of higher-income Ontarians, as households with an income of $100,000 or more have an ownership rate of 90.6 per cent, which is almost three times higher than low income Ontarians, who have a home ownership rate of less than 38 per cent."
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*Galante, Carol, Carolina K. Reid, and Nathaniel Decker. [http://ternercenter.berkeley.edu/fair-tax-credit "The Fair Tax Credit: A Proposal For a Federal Assistance in Rental Credit to Support Low-Income Renters."] Terner Center for Housing Innovation, November 2016. [http://ternercenter.berkeley.edu/fair-tax-credit. http://ternercenter.berkeley.edu/fair-tax-credit. ]<br/>
*Lubell, Jeffrey (2014). "[http://www.abtassociates.com/AbtAssociates/files/ce/ce7c306c-3cce-4dda-96c8-6098abe8a5ac.pdf Housing More People More Effectively through a Dynamic Housing Policy."] Bipartisan Policy Center, 17 December 2014. <br/> [http://www.abtassociates.com/AbtAssociates/files/ce/ce7c306c-3cce-4dda-96c8-6098abe8a5ac.pdf http://www.abtassociates.com/AbtAssociates/files/ce/ce7c306c-3cce-4dda-96c8-6098abe8a5ac.pdf].<br/>
*Ontario Association of Food Banks [OAFB 2017]. "Hunger Report 2017." <br/> https://oafb.ca/wp-content/uploads/2017/11/Hunger-Report-2017.pdf.<br/>
*Sard, Barbara, and Will Fischer. "[https://www.cbpp.org/research/housing/renters-tax-credit-would-promote-equity-and-advance-balanced-housing-policy Renters’ Tax Credit Would Promote Equity and Advance Balanced Housing Policy]." Center for Budget and Policy Priorities, 21 August 2013. <br/> [https://www.cbpp.org/research/housing/renters-tax-credit-would-promote-equity-and-advance-balanced-housing-policy. https://www.cbpp.org/research/housing/renters-tax-credit-would-promote-equity-and-advance-balanced-housing-policy. ]<br/>
*Stegman, Michael, Roberto Quercia, and Walter Davis. "T[https://www.brookings.edu/research/tax-policy-as-housing-policy-the-eitcs-potential-to-make-housing-more-affordable-for-working-families/ ax Policy as Housing Policy: The EITC’s Potential to Make Housing More Affordable for Working Families]." Brookings Institute, October 1 2003. <br/>
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