January 24: from 10:30 – 12:00, the Housing and Community Development Network of New Jersey and the Center on Budget and Policy Priorities are pleased to invite you to a webinar on a proposal for a new federal renters’ tax credit. Click https://www4.gotomeeting.com/register/756890119 to register. There is no limit on the number of staff from an agency who can register.
The number of poor families facing high housing cost burdens has grown sharply in recent years, but federal rental assistance programs have not grown to meet the need and tight budget caps make it unlikely they will expand significantly in the coming years. CBPP has developed a proposal to address part of this unmet need by authorizing states to allocate federal tax credits that would enable the poorest families to afford housing. Families assisted through the credit would pay 30 percent of their income for rent and owners or mortgage lenders would receive a credit in exchange.
CBPP’s materials on the Renters’ Credit are gathered at www.cbpp.org/rentercredit, including an overview of the proposal and a summary of key details. The full report discusses the need for a more balanced housing policy and explains how a new federal renters’ tax credit would help address that need.