Low-Income (Potential) Homeowners still neglected

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Research by the Center on Budget and Policy Priorities shows that since 1995 federal funding for low-income housing assistance has dropped by over 20 percent, both as a share of GDP and non-military discretionary spending. Meanwhile, the number of low-income renters spending more than half of their income on housing costs has increased by over 33 percent since 2000.

In the current housing crisis, low-income homeowners continue to face the brunt.

3 thoughts on “Low-Income (Potential) Homeowners still neglected

  1. Do you mean to say “low-income renters.” I can’t find anything in this story about homeownership.

    In my opinion, so much attention has been paid and resources allocated to protecting homeowners that renters, often those in most need of assistance, have fallen between the cracks. Section 8 programs have proven to be successful in deconcentrating poverty and providing for the essential needs of millions of people. Renters have little political clout, but have the most dire needs.

    • Ah! I do mean renters at least in this link. But the effect of low-income homeowners in stagnant or declining neighborhoods is just as bad but that’s a topic for another day.

  2. I’ve been following your blog on my reader for a while, and I really appreciate your perspective on things. It really is bad manners to sit idly by, and jump in to be pedantic ..

    Sorry for the nit-picking 🙂

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