Tag: low-income housing
Student Corner: Discriminatory Effect without Intent: A Fair Housing Challenge to the Allocation of Low Income Housing Tax Credits
A court case pitting two unlikely opponents in the effort to provide better housing opportunities for low-income households has captured the attention of state housing finance agencies around the country. At issue in Inclusive Communities Project, Inc. v. Texas Department of Housing and Community Af … Read more
More foreclosed and vacant homes ahead. How can local governments respond?
2009 was a record year for foreclosures in North Carolina. Now it looks like 2010 is going to be worse. In the first five months of this year, North Carolina experienced 35% more foreclosure starts as compared to the same period in 2009. (2012 update: a GAO report on vacant homes and foreclosures ca … Read more
Taxation of Affordable Housing in Community Land Trusts
Imagine that you own a home, but not the land on which it sits. You’re a tenant on the land, subject to a 99-year ground lease. As a condition of the ground lease, you are permitted to sell your home only to a household earning less than the community’s median wage, and the ground lease sets a maxim … Read more