Cincinnati Mayor Aftab Pureval told an audience of educators, students, policy makers and nonprofits Thursday, the city, “must turbocharge development.” Pureval and others who spoke at The Affordable Housing Crisis Symposium, sponsored by Xavier University, know there is an urgent need.
It’s getting increasingly harder to find an affordable place to live. Sky- high rents, fluctuating mortgage rates, expensive home prices and a shortage of housing are all contributing factors. Every year there are incentives for banks to create affordable housing. How much are they doing and is it making a difference? Credit: Joint Center for Housing Studies of Harvard University The numbers The Federal Home […]
The federal government gives developers the equivalent of $10 billion a year to build low-income housing in the form of a tax credit. Without this government subsidy, there may be a lot fewer affordable units. There are limitations, including the funding. Is there a better way to do it? The low-income housing shortage According to some estimates, there’s a national shortage of 7 million affordable […]
