The NHP Foundation (NHPF) recently released a white paper titled, “Unaffordable Housing: A Root Cause of Social Inequality” by Richard F. Burns and Thomas G. Vaccaro. Notably, the paper supports the Low Income Housing Tax Credit Program (LIHTC) and examines the issue of cost burden.
An excerpt from the paper reads:
“Social inequality is the new philanthropic buzz phrase that covers a wide-range of hard-to-resolve societal problems. For example: racial bias; right-to-vote
issues; inferior schools; low paying job opportunities, homelessness and limited access to quality nutrition and health care.
In our view, rundown apartment units located in desperately poor neighborhoods are a root cause of many quality of life issues. And these issues will only become more widespread, intractable and irreversible as the crisis of una ordable housing continues to spread from poor, underclass households to those earning average median incomes and above.”
To read the paper in its entirety, click here.