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TACKLING HOUSING AFFORDABILITY IN MONTANA

Barkey, Patrick M ; Bridge, Brandon

Montana business quarterly, 2021-10, Vol.59 (3), p.6-10

Missoula: Bureau of Business and Economic Research

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  • Título:
    TACKLING HOUSING AFFORDABILITY IN MONTANA
  • Autor: Barkey, Patrick M ; Bridge, Brandon
  • Assuntos: Affordable housing ; Compliance ; Homeless people ; Households ; Housing developments ; Housing prices ; Inventory ; Low income groups ; Low income housing credit ; Public housing ; Rehabilitation ; Subsidies ; Tax credits
  • É parte de: Montana business quarterly, 2021-10, Vol.59 (3), p.6-10
  • Descrição: There are 1,076 housing units in Montana currently being subsidized by the HOME program. * Community Development Block Grants are available to general-purpose local governments, such as counties, cities and towns to help fund single and multi-family construction and rehabilitation projects. * Individual and Project-Based Section 8 Housing Choice Vouchers provide rent subsidies to very low-income households, elderly persons and persons with disabilities. Key Challenges for Montana's Housing Programs "Poverty programs will always be poor programs," said former U.S. Health, Education and Welfare Secretary Wilbur Cohen in the 1960s, and there is no question that the programs directed at helping low income Montanans secure adequate housing are starved for resources. Since 2016, there have been over 30,000 applications for housing choice voucher programs, yet in that same time frame only about 4,000 have been issued. When they are unclaimed for a period of years, they are abandoned. Since 2016, an average of $62 million per year in 9% low-income housing tax credit requests have been denied due to a lack of funding (Figure 3).
  • Editor: Missoula: Bureau of Business and Economic Research
  • Idioma: Inglês
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