Low-Income Housing Tax Credit

Introduction Stable housing allows families and youth achieve their full potential. We are all aware of homelessness and poverty in our service area. The problem is available, affordable housing for chronically poor families which will assist these families to remain intact and prosper. By supporting the families in Fayette County we will help; “strengthen families to become more self-sufficient, (thereby) achieving their potential by taking advantage of opportunities, improving the conditions…

shelters to house single adults. There are various reasons for homelessness in Pennsylvania low income, addictions, non-affordable housing, poor health, no education, and unaffordable childcare. The following viewpoints will support the need to increase the minimum wage to decrease the rates of homelessness in Pennsylvania. One of the main reasons for homelessness in Pennsylvania is little or no income to cover bills, food and daily living essentials. The minimum wage employees…

organizations that work directly with poor people stand a better chance of learning how to meet their needs” (Bily, 2009, p 71). He believes charitable organizations are more flexible, accountable, and efficient. The poor would be better served by a new tax policy directing more money to private charities and less to the federal and state government. The role of charitable organizations is better than the government as a source of aid. It is easier for donors or volunteers to hold charitable…

funding faces obstacles in bridging the public housing deficit gap. Iconic, urban housing failures such as 1950’s, Pruitt-Igoe projects, exemplifies U.S Federal government’s inability to adequately provide properly funded public housing. Biased public sectors contend public housing does not deteriorate due to insufficient budgeting, but it is caused by the behavior of the poor. Hence, “throwing” money will not resolve the issue. Contrarily, others argue housing conditions decline, due to…

Tax cuts played an important role in stimulating economic growth. In the fiscal stimulus package, the government temporarily reduced taxes with a sales tax holiday, tax credits on income and housing taxes, permanently extending the alternative minimum tax, making dividend and capital gains tax cuts, and cutting the corporate tax rate. Since declines in housing prices made people feel less wealthy and thus unwilling to spend, the government provided tax rebates. 29% of total individuals and…

Recession increases funding for programs, but it affects programs differently. For example, the Supplemental Security Income and housing aid did not have that much growth during recession.These programs have more requirements such as having a job in the case of the Supplemental Security Income and they also have limited funding. Programs such as the food stamps one have less restrictions, making very easy for more people to qualify for their benefits and…

Firstly, the relative low income indicates the children in households below the sixty percent of median income. Secondly, the absolute low income, which indicate the children in households below sixty percent of 2010/11 median income up rated in line with inflation. Thirdly, combined low income and material deprivation indicates the children below 70 percent of median income together with as yet an undefined material deprivation index. Fourthly, the persistent low income is to be defined in 2014…

benefits to higher-income households. The value of a deduction equals the expenses deducted multiplied by the taxpayer’s marginal tax rate. Because higher-income households face higher marginal tax rates, a deduction is worth much more for wealthier taxpayers per dollar spent on child care. The deduction would be worthless to the roughly 44 percent of families who owe no federal income tax in a given year (though almost all owe federal payroll tax or pay positive federal income taxes over time).…

Housing is a serious issue in Canada that is not dominating compared to other issues, showing that it is underrated / overlooked by governments which should not be the case. Housing in politics refers to the anything related to the building people live in, which includes the mortgage, renovations, and tax incentives and how affordable the property is. The main issues of housing that are currently among many Canadians, are 1/5 household spend more than 50 percent of their income towards their…

people today strive to provide adequate housing for their families. Being in an adequate housing means affordable, safe location, accessibility, privacy, comfort, habitable which includes; suitable lighting, safe water supply, and proper heating and air conditioner system. “Many people live in homes that are unsafe, dilapidated, and inadequate” (McNutt & Hoefer, 2016, p. 255). “Others live in housing that they cannot afford and still more lack any permanent housing at all” (McNutt & Hoefer,…