Texas’ New Tax-Subsidy Rules Bode Ill for Affordable Housing in Low-Income Areas – NYTimes.com

Sad that Texas can’t fix its low income housing tax credit program in a way that makes any logical sense for both those areas needed revitalization and “high opportunity” (lower minority concentration, higher income, better school) areas so that we can de-concentrate poverty. The best way to do this is to eliminate all parts of the program rules that award points for politician and neighborhood input and instead focus on really serving the residents in the best way possible, but Texas’ politics are so infused in our affordable housing program that making this change will be difficult unless the resolution of the lawsuit against the TX Department of Housing & Community Affairs (really a lawsuit against the legislature, but they can’t be sued)  forces these changes.

Texas’ New Tax-Subsidy Rules Bode Ill for Affordable Housing in Low-Income Areas – NYTimes.com.

Advertisements

About Bob Voelker

Head of the Munsch Hardt (Dallas law firm) Hospitality & Mixed Use Development Group, and former developer of affordable housing. I'm i
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s