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Business Industry Association of So Cal > Affordable Housing Finance > Affordable Housing Finance: Study Examines How Living in LIHTC Properties Impacts Residents

Affordable Housing Finance: Study Examines How Living in LIHTC Properties Impacts Residents

Business Industry Association of So Cal
Affordable Housing Finance: Study Examines How Living in LIHTC Properties Impacts Residents
Affordable Housing Finance: Study Examines How Living in LIHTC Properties Impacts Residents
May 11, 2018 Joanna Rivas

Nearly 90% of residents reported that their housing had improved after moving into a low-income housing tax credit (LIHTC) development, according to a new study. “One in five respondents said that they had experienced homelessness before moving into their current home, and another 20% reported that they had been forced to move involuntarily, either as the result of eviction or an unsustainable rent increase,” says the report released today by the Terner Center for Housing Innovation at the University of California at Berkeley (UCB). In addition, 50% reported that they consistently worried about paying for rent prior to moving into their LIHTC unit, and 40% said they had either worried about paying for food or skipped meals as a result of their high housing cost burdens.

 

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Categories:Affordable Housing Finance

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