How affordable housing can improve the American economy?

Greater tax generation, creation of jobs, opportunities for economic development, increased job retention and productivity, and the ability to address inequality — all are among the economic benefits of increased access to quality, affordable housing.

What are two types of housing assistance provided through the US Department of housing and Urban Development?

Rental assistance in the form of Section 8 certificates or vouchers for low-income households; Public or subsidized housing for low-income individuals and families; Homeless assistance provided through local communities and faith-based and other nonprofit organizations; Fair housing public education and enforcement.

How does affordable housing affect economy?

Affordable housing located near public mass transit can help low-income residents save money, access better jobs, improve health and reach critical community services. Affordable housing contributes to significant economic impacts, including increases in local purchasing power, job creation and new tax revenues.

What role should the federal government play in providing affordable housing?

At the federal level, the government serves primarily as a funder, providing financial resources through federal tax policy such as the home mortgage interest deduction, direct subsidies such as assistance to low- income renters and indirect subsidies such as tax credits (LIHTC) to builders of affordable homes.

What is the role of government in housing?

The government has an important role to play in community-driven housing. It should create an enabling environment in which community-driven housing can take place and thrive by ensuring that housing policies, planning processes and building regulations make allowance for community-driven housing.

What is the importance of Housing?

Housing assistance gives children in low-income households the opportunity to improve and succeed academically, maintain their health and well-being, and achieve financial success later in life, while reducing costs to society in the long term. When families can afford rent, everyone benefits.