Low-Income Housing Tax Credit

spent on food is only one-seventh of average family income. Expenses like housing, health care, and child care have grown astronomically. With these expenses growing at a different rate it makes the poverty numbers more and more off every year we don’t change how we calculate them. The second reason is that the method used to determine if a family is poor does not account for family resources. Government benefits such as Medicaid, SNAP, and housing and child assistance are not accounted for. So,…

Signs of a recession can include low investments, a high unemployment rate, low average incomes, low equality, and a high amount of government borrowing. The official definition of a recession is “two consecutive quarters of negative growth in gross domestic product (GDP)”. A recession leads to low investments. These low investments can lead to productive capacity of the economy being affected. If the recession is not long-term…

Income inequality is a big issue in socioeconomics justices, as always. While the U.S total personal incomes are growth higher, the income gap is getting wider, especially for those who are making minimum wage. Among the government’s efforts to narrow the income gap, minimum wage seems the only solution. In his final State of the Union address on January 12th, 2016, President Obama has proposed and asked the Congress to raise the federal minimum wage to 10.10 dollars an hour and indexing it to…

Our Changing Welfare System: Mississippi Department of Human Services Isaiah 41:17 (King James Version) states,” When the poor and the needy seek water, and there are none, and their tongue failed for thirst, I the Lord will hear them, I the God of Israel will not forsake them.” God loves everybody, and he recognized that some of his children would be at a disadvantage; therefore he recognizes the poor and made provision for their wellbeing. God commanded that his people help the needy.…

different cultures and ethnicities, as well as the rebirth of Chicago isolated neighborhoods like Englewood, Roseland, and Pilsen have an opportunity to compete with the Hyde Park, Lincoln Park, and Logan Square? Illinois adopted the once known as Tax Allocation Re-development Act in 1985. This act…

inequality, our system of higher education reinforces it.” Because of this, universities are making the cost of their schools more expensive. By 2034, universities are supposed to go up to 34 percent. Median class families struggle to pay the tuition and low-income families cannot go to universities. For-profit institutes steal from families who cannot afford universities by telling them how these institutes can change their lives for the better but really they are stealing from them and putting…

Poverty Poverty is on the rise in Canada. While Canada actually has no official poverty line, they’ve been using the low-income cut-off line to determine poverty numbers, it is the most common, unofficial poverty line used. The low-income cut-off line for 2014 reported that nearly 10% of Canadians were living below it. (“The low-income cut-off measures relative deprivation based on income compared to a defined community standard.” Pg. 169 text) “In 2006, women headed approximately 13% of all…

no-down-payment loans with the teaser rates were so seductive. And who wouldn’t want to be a duplex owner with rental income instead of a single-family homeowner? And why not add an SUV and a fishing boat using an additional loan because the rates are so low? From a lender’s point of view, writing loans is the goal. If you…

Illegal Immigrants in the U.S (Running head) Illegal immigration has been a problem for the United States for a long time. This is not new and thousands of illegal immigrants have come into the U.S. through either the Mexican border or through many other ways. There are many problems which develop, including economy, rising crime rates and unemployment. Therefore, the American government must control the flow of illegal immigrants into America in order to provide more opportunities for Americans…

The Americans with Disabilities Act The Americans with Disabilities Act was established in 1998, at the recommendation from the National Council of Disability. The Americans with Disabilities Act covers those with physical and mental disabilities. The Americans with disabilities Act is also known as ADA. The Act protects people with disabilities from discrimination in the workforce, and the workforce must provide reasonable accommodations for those with disabilities. The devices may…