October 2012

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    NYU Furman Center Releases Policy Brief on LIHTC Program Tenants

    An analysis by NYU’s Furman Center for Real Estate and Urban Policy and its Moelis Institute for Affordable Housing Policy finds that the Low Income Housing Tax Credit (LIHTC) program serves a substantial number of households with incomes far lower than the program requires. Forty percent of LIHTC units house extremely low-income (ELI) households with incomes below 30 percent of the area median income, even though program rules allow the developments to serve households with incomes up to 60 percent of the area median income.  more

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    Report: Housing and Transportation Costs Outpace Incomes

    The combined costs of housing and transportation in the nation’s largest 25 metro areas have swelled by 44 percent since 2000 while incomes have failed to keep pace, according to a new report from the Center for Housing Policy more