Housing Archive
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Podcast: Homelessness and Rental Assistance in the Recession
December 15, 2009
The recession’s impact on homelessness and how increased federal rental assistance can help struggling families are discussed by the Center’s Senior Policy Analyst for Housing, Doug Rice.
Duration: 4:03
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Options For Jobs Legislation: Providing $1 Billion To Prevent Homelessness
December 15, 2009
As part of the economic recovery act signed into law in February, Congress approved $1.5 billion in temporary housing assistance for families that are homeless or at risk of losing their homes due to job loss or other financial hardship. These resources, which the Department of Housing and Urban Development (HUD) distributed … -
Proposed Expansions of Homebuyer Tax Credit Would Be Highly Inefficient and Squander Federal Resources
October 27, 2009
Executive Summary Members of Congress are considering extending — and possibly substantially expanding — the $8,000 homebuyer tax credit enacted as part of the American Recovery and Reinvestment Act (ARRA) of 2009. The credit, which is available to first-time homebuyers with incomes up to $150,000 (up to $75,000 for … -
Funding Shortfalls Causing Cuts in Housing Vouchers
September 14, 2009
As a result of a shortfall in funding for the Housing Choice Voucher Program for calendar year 2009, an estimated 400 state and local housing agencies across the country will be forced to reduce or eliminate rental assistance for a significant number of the 500,000 low-income families they serve. While landlords may absorb … -
Investing Climate Revenues in Subsidized Housing Energy Efficiency Would Cut Emissions and Lower Federal Costs
July 7, 2009
The federal government spends more than $3 billion per year on utility costs in public housing and privately owned subsidized housing. Investments that increase energy efficiency in subsidized developments can lower those expenditures and generate long-term federal savings that would offset much of the up-front cost. Those … -
Reforming HUD’s “Section 3” Requirements Can Leverage Federal Investments in Housing to Expand Economic Opportunity
June 10, 2009
Executive Summary This is an important time to reform “Section 3,” the federal requirement that low-income individuals receive a portion of the economic benefits created through federal investments in affordable housing. Not only is rising unemployment creating added hardship, but federal recovery funds are … -
Podcast: Will Fischer, Senior Policy Analyst, on the Section Eight Voucher Reform Act
June 8, 2009
The Section 8 Voucher Reform Act (SEVRA) would take a series of important, timely steps to strengthen the voucher program, the nation's most widely-used low-income housing program. At a time when poverty and homelessness are rising, this bill would make housing affordable to more needy families, and provide more flexible and effective assistance.
Duration: 3:56
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Testimony: Will Fischer, Senior Policy Analyst, at the House Financial Services Subcommittee on Housing and Community Opportunity
June 4, 2009
Thank you for the opportunity to testify. I am Will Fischer, a Senior Policy Analyst at the Center on Budget and Policy Priorities. The Center is an independent, nonprofit policy institute that conducts research and analysis on a range of federal and state policy issues affecting low- and moderate- income families. … -
Introduction to the Housing Voucher Program
Revised May 15, 2009
The Housing Choice Voucher Program (sometimes referred to as the “Section 8 voucher program” after the section of the U.S. Housing Act that authorizes it) is the largest federal low-income housing assistance program. Families who are awarded vouchers use them to help pay the cost of renting … -
What to Look For in HUD’s 2010 Budget For Low-Income Housing
May 4, 2009
“We at HUD and in the Administration are fully committed to attacking the affordability gap in rental housing and ensuring that housing affordability is a long term priority.” — HUD Secretary Shaun Donovan, speaking before the National Low Income Housing Coalition on April 21, 2009. … -
Additional Housing Vouchers Needed to Stem Increase in Homelessness
April 16, 2009
“One of the changes in attitudes that I want to see here in Washington and all across the country is a belief that it is unacceptable for children and families to be without a roof over their heads in a country as wealthy as ours.” — President Obama, speaking to reporters on March 24, 2009. “An extensive body of … -
Limiting Itemized Deductions for Upper-Income Taxpayers Would Have Little Effect on Small Business, Charities, Housing
March 12, 2009
Despite persistent claims to the contrary, the President’s proposal to cap the value of itemized deductions at 28 percent would have only small effects on small business, charitable giving, and homeownership. That’s because the proposal, which would save $318 billion over the next ten years to help finance health care reform, would affect only those tax … -
Decade of Neglect Has Weakened Federal Low-Income Housing Programs
February 25, 2009
A large and growing number of low-income renters face unaffordable housing costs. Federal housing programs have proven effective in enabling millions of low-income households to obtain stable, decent housing, but a funding squeeze and various actions taken by Congress and the Bush Administration have weakened these programs considerably, just when the need is rising.… -
Costly Isakson Homebuyer Tax Credit Amendment Would Be Ineffective Stimulus
February 9, 2009
An amendment by Senator Isakson that the Senate added to its economic recovery legislation, providing a new $15,000 tax credit for home purchases in the 12 months after enactment,[1] has low bang for the buck as stimulus and is thus a dubious addition to the package. Unlike the $7,500 first-time homebuyer credit that Congress adopted as part of the Housing and Economic Recovery Act in July 2008 — which the new tax credit … -
Exchange Plan in House Recovery Bill Offers Best Fix For Low-Income Housing Tax Credit
Updated February 9, 2009
The economic downturn has sharply reduced the effectiveness of the Low-Income Housing Tax Credit, the nation’s primary subsidy for development of affordable rental housing. Faced with lower profits and reduced access to capital, fewer corporations are willing to invest in affordable housing in exchange for the credits. As … -
Number of Homeless Families Climbing Due To Recession
January 8, 2009
Executive Summary New data indicate that the number of homeless families with children has climbed in recent months and continues to mount. Although the recovery package that Congress will consider in coming weeks is expected to include measures to restore several million jobs, an unusually large number of people are still likely to fall into severe poverty and to be at …
