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  • The housing affordability crisis is one of the defining features of the US today. The demand for housing subsidies outstrips supply by a factor of at least 4 to 1. Moreover, housing affordability varies greatly between and within metropolitan areas. This article proposes a new federal policy - the Earned Income Tax Credit (EITC) Plus - to decrease housing cost burdens for working households by combining aspects of two major federal programs, the EITC, a tax-based subsidy for low-income working households, and the Housing Choice Voucher, a subsidy that pays the difference between 30% of household income and rent. We propose an EITC housing supplement via the tax code for markets where income and current EITC benefits are below 30% of rent levels. It will reduce the housing affordability crisis and reduce the geographic disparities of the Housing Choice Voucher. We simulate the cost at $101 billion nationally (based on 2021 figures). Varying program rules and parameters can significantly reduce costs. Piggybacking on the EITC simplifies the proposal's implementation and increases its political palatability. (xsd:string)
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?:dateModified
  • 2024 (xsd:gyear)
?:datePublished
  • 2024 (xsd:gyear)
?:doi
  • 10.17645/up.8526 ()
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  • en (xsd:string)
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?:issn
  • 2183-7635 ()
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  • Earned Income Tax Credit Plus: A New Way to House the Working Poor (xsd:string)
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  • Zeitschriftenartikel (xsd:string)
  • journal_article (en)
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  • GESIS-SSOAR (xsd:string)
  • In: Urban Planning, 9, 2024 (xsd:string)
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?:volumeNumber
  • 9 (xsd:string)