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Income-based housing benefit: Difference between revisions
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== Proposed programs ==
=== Universal
==== Bipartisan Policy Center (2013) ====
e.g. as proposed in Matthew Desmond's ''Evicted. ''▼
<blockquote>
==== ''"The commission recommends that our nation transition to a system in which our most vulnerable households, those with extremely low incomes (at or below 30 percent of area median income) are assured access to housing assistance if they need it. Assistance should be delivered through a reformed Housing Choice Voucher program that, over time, limits eligibility to only the most vulnerable families."<br/> ''[BPC 2013]: ====
</blockquote> <blockquote>
''"We recommend providing the expanded assistance through a reformed housing voucher program. To reduce costs, we further recommend that, as families currently enrolled in the housing voucher program turn back their subsidies due to rising household income or other factors, all newly available vouchers be issued to extremely low-income households, ensuring that voucher assistance is deeply targeted to the households with the greatest needs.118 Households who qualify for the program and subsequently experience increased income would not immediately lose assistance; however, these households would be expected to make an increased payment that is proportionate to their increase in income." <br/> (p.89).<br/> <br/> According to an analysis prepared for the commission by Abt Associates, the estimated annual cost of providing this increased coverage is approximately $22.5 billion.d This is the estimated cost of providing a Housing Choice Voucher type subsidy to currently unassisted, cost-burdened renter households with incomes at or below 30 percent of AMI who would be expected to participate in such a program were it available. The estimated cost takes into consideration resources that are projected to become available, over time, as the existing voucher program shifts from serving households up to 80 percent of AMI to serving households with incomes that do not exceed 30 percent of AMI." <br/> (p.90)''
</blockquote>
<blockquote>''In “Home and Hope,” the epilogue of Evicted, Desmond lays out his policy prescription for America’s broken housing system. “The idea is simple,” Desmond writes. The government should guarantee rental subsidies to all low-income families struggling to pay rent. With vouchers in hand, families could choose where they wanted to live — “as long as their housing was neither too expensive, big, and luxurious nor too shabby and run-down” — without the fear of falling into debt and, inevitably, facing eviction. ''</blockquote>
=== <br/> Refundable housing tax credit - proposed in ''City Observatory, ''2016, by Daniel Hertz. ===▼
=== Rental tax credit ===
==== Center for Budget and Policy Priories, 2013 ====
==== Barbara Sard and Will Fischer. "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/> Refundable housing tax credit - City Observatory, 2016 ====
▲===
==== FAIR (Federal Assistance In Rental) Credit
''(proposed by Galante, et al, at Terner Center for Housing Innovation, UC Berkeley). ''
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"The FAIR Credit seeks to rebalance this distribution of resources within the tax code to more fairly meet the needs of the renter population and to better ensure equal access to opportunity. It is a proposal that addresses our “demand side” challenges, and would serve as an important complement to supply-side solutions which are also needed to lower overall rental burdens. Ultimately, with big solutions on both fronts, quality rental housing that is affordable to a range of incomes will be within our reach."
▼
federal legislation from U.S. Representative Joe Crowley that would provide refundable tax credits to renters spending >30% of income.<br/> [http://www.timesledger.com/stories/2017/34/crowleyrents_2017_08_25_q.html. http://www.timesledger.com/stories/2017/34/crowleyrents_2017_08_25_q.html. ]▼
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[http://www.unitedforhomes.org/ United for Homes] is an advocacy project led by [[Nlihc.org|NLIHC, National Low Income Housing Coalition]]. Information from unitedforhomes.org:
<blockquote>'''''United for Homes''' is a national campaign comprised of individuals, elected officials, organizations, and agencies—in all 435 congressional districts—working to end homelessness, build a strong foundation, and strengthen communities. We are united by the belief that everyone deserves a decent, affordable home.'' ''United for Homes was created to end homelessness, help build a strong foundation and strengthen communities. Families–and especially children–who live in a stable, affordable homes have better health and education outcomes, have greater access to economic opportunities, and benefit from stronger communities.'' ''United for Homes urges reform of the mortgage interest deduction (MID)—a $70 billion a year tax write-off that largely benefits America’s highest income families—and a reinvestment of the savings in housing that serves families with the greatest, clearest, most pressing needs through solutions like the national Housing Trust Fund (HTF) and rental assistance programs. More than 2,300 national, state, and local organizations, as well as government officials, support United for Homes and our proposal.''</blockquote>
▲
▲=== Rent Relief Act (2017) ===
▲federal legislation from U.S. Representative Joe Crowley that would provide refundable tax credits to renters spending >30% of income.<br/> http://www.timesledger.com/stories/2017/34/crowleyrents_2017_08_25_q.html.
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▼
== References ==
*Adler, David. "[https://www.currentaffairs.org/2017/05/who-profits-from-poverty Who Profits from Poverty: On the success of Matthew Desmond’s 'Evicted.']" Current Affairs, May 3, 2017. [https://www.currentaffairs.org/2017/05/who-profits-from-poverty https://www.currentaffairs.org/2017/05/who-profits-from-poverty]. [critiques "Evicted" for narrow perspective, and for not sufficiently examing the efficacy of it's proposed universal voucher solution].<br/>
*Bipartisan Policy Center (2013). "[http://bipartisanpolicy.org/wp-content/uploads/sites/default/files/BPC_Housing%20Report_web_0.pdf Housing America’s Future: New Directions for National Policy.]" February 2013.<br/> [http://bipartisanpolicy.org/wp-content/uploads/sites/default/files/BPC_Housing%20Report_web_0.pdf http://bipartisanpolicy.org/wp-content/uploads/sites/default/files/BPC_Housing%20Report_web_0.pdf].<br/>
*Blumgart, Jake. "[http://www.slate.com/articles/business/moneybox/2016/07/it_s_time_for_universal_housing_vouchers.html What an Affordable Housing Moonshot Would Look Like. Too many Americans live on the edge of eviction. Could this ambitious plan fix the problem?]" ''Slate, ''July 1 2016.<br/> [http://www.slate.com/articles/business/moneybox/2016/07/it_s_time_for_universal_housing_vouchers.html http://www.slate.com/articles/business/moneybox/2016/07/it_s_time_for_universal_housing_vouchers.html].<br/>
*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/>
*Hertz, Daniel. [http://cityobservatory.org/make-housing-vouchers-an-entitlement-we-can-afford-it/ "Make housing vouchers an entitlement—we can afford it."] City Observatory, 2016-01-05. [http://cityobservatory.org/make-housing-vouchers-an-entitlement-we-can-afford-it/ http://cityobservatory.org/make-housing-vouchers-an-entitlement-we-can-afford-it/]<br/>
*Hertz, Daniel. [http://cityobservatory.org/low-income-housing-tax/ "Why not make housing assistance to the low-income as easy as assistance to the high-income?"] City Observatory, 2016-01-21. [http://cityobservatory.org/low-income-housing-tax/. http://cityobservatory.org/low-income-housing-tax/. ]<br/>
*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/>
*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. ]
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