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June 20, 2005
Improving Homeownership Among Poor And Moderate-Income Households
From The Urban Institute:
No asset is more important in expanding opportunity and hedging against economic uncertainty than owning a home. While homeownership may not be for everyone, strong disincentives are created by existing federal policies that subsidize poor families to rent but cut off these subsidies should they choose to buy. Meanwhile, federal tax incentives for homeownership only go to those households owing tax--and typically the higher their income and the more expensive their homes, the larger the tax subsidy they receive. A significant change in ownership incentives is needed to correct this inequity and better promote homeownership among the poor. Read more from this post.
Posted on June 20, 2005 11:38 PM
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