Advisory Center for Affordable Settlements & Housing

acash

Advisory Center for Affordable Settlements and Housing
ACASH

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Document TypeGeneral
Publish Date27/01/2020
AuthorAditi Mehta, Mark Brennan, Justin Steil
Published By
Edited ByTabassum Rahmani
Uncategorized

Affordable Housing, Disasters, And Social Equity in America

In America,  the tax credit of Low-Income Housing is the most common financing mechanism for subsidized housing production. We explore the states that will use the Low-Income Housing Tax Credit (LIHTC) to prepare for and recover from disasters. The latest structure of disaster assistance in the United States is related to wealth inequalities along the lines of race, education, and homeownership. The Low-Income Housing Tax Credit (LIHTC) has been the most common financing mechanism for the production and preservation of subsidized multifamily rental buildings in the United States. The objective and role of the LIHTC program in improving the resiliency of affordable housing in communities vulnerable to disaster or for helping low-income renters recover after a disaster and the process of rehousing is particularly a big challenge for low-income renters as well as exclusionary patterns in the post-disaster recovery process reinforce the economic disparities for low-income renter communities.

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