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Low-Income Housing

The lack of low-income housing lies at the feet of the federal government. America built housing for those in poverty for sixty years from the 30s to the 70s. Then it was over. Private developers took over, backed by federal tax credit incentives to build low-income housing. It was at this point that the homeless population in the states began to rise substantially.

Although many reasons have been given for the lack of sufficient low-income housing, such as the coop and condo conversions, vacancy decontrol and rising construction costs, the fact remains that, since the Great Depression, the only time this country had built large numbers of low-income housing units was when the federal government was building them.

Since private developers made far more profit building luxury housing, private developers have been quite reluctant to build sufficient low-income housing even with tax credits and incentives. Although tax incentives have provided developers some impetus to build low-income housing, it has never come close to meeting the need.

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