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Financial Crisis Cripples New Affordable Housing
For thousands of low-income renters nationwide - but especially in rural towns and small cities - the recession is hitting home in an unexpected way. Nationwide, funding to build low-cost apartments has dropped by more than half in two years to $4 billion. Hundreds of projects can't get off the ground because the federal tax credits that help offset development costs are currently worthless to traditional investors.
Author: J.W. Elphinstone, Associated Press
Type: Other Publication
Added: 2009-08-28
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Warm Welcome Gulf Coast, an initiative of Back Bay Mission, is an outreach campaign to position affordable housing as critical to rebuilding the Mississippi Gulf Coast. Warm Welcome seeks to build upon the Coast’s rich tradition of diversity by promoting high-quality and well-maintained affordable housing. The development of diverse housing…
Warm Welcome Gulf Coast is an initiative of