Rental Housing
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The Impact of Gentrification on Homeowners
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When wealthy new residents move into lower-income neighborhoods, they often renovate homes and open upscale businesses. This drives up property values, property taxes, and rent. This chain of events may force current lower-income residents to move out. Gentrification is a major issue nationwide, and cities are searching for the “magic”…
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Who Can Afford Affordable Housing?
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The Low Income Housing Tax Credit, along with the Housing Choice Voucher program, haven’t relieved the housing cost burden.