Renters' Credit

Off the Charts: New Renters' Credit Should Complement Existing Housing Development Credit

The paper on tax reform options that the Senate Finance Committee issued includes CBPP's proposal for a renters' tax credit to help the poorest families afford housing. Such a credit would be a valuable complement to the existing Low-Income Housing Tax Credit (LIHTC).

Here's why.

Related Blog Posts:

Renters' Tax Credit Would Promote Equity and Advance Balanced Housing Policy

Over the past several decades, the nation's housing policy has focused predominantly on increasing homeownership. Most federal housing expenditures now benefit families with relatively little need for assistance. Meanwhile, low-income renters are far more likely than higher-income households to pay a very high share of their income for housing and to face other serious housing-related problems.

A federal renters' tax credit could help reduce rents for over a million poor families at a modest cost and advance a more balanced housing policy.



Of Interest

Renters' Credit in the News

The Affordable Housing Crisis
New York Times, Op-Ed

Policy Center Proposes Renters’ Tax Credit
Affordable Housing Finance Magazine

Time for a Renters’ Tax Credit
Rooflines: Shelterforce Blog

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