The Beneficial Effects of Low Income Housing Tax Credits
I read some “scholarly” research today on the effect of Low Income Housing Tax Credit (LIHTC) on neighborhood stability. Some earlier research had suggested that LIHTC projects had a negative effect on low income communities. This study showed a very slight positive effect. This to me is faint praise. Affordable housing has been billed as transformative. Lives are clearly not being transformed by these programs, at best they are somewhat stabilized. Maybe that is all they can accomplish. They should not however be oversold. Written by Paul Dribin
The St Louis Contrarian 