To address the housing affordability crisis for low-income Americans, we argue for a refundable renter’s tax credit. The proposed credit would be delivered through the tax code, reach a broad segment of renters, and target those with high housing cost burdens. We simulate the effects of the credit using Current Population Survey data. The credit would reach nearly 60 percent of poor renters and more than 70 percent of renters facing severe housing cost burdens, the credit amount averaging $2,059. Among recipients, the credit reduces the poverty rate by 12.4 percentage points and the deep poverty rate by 8.8 percentage points. For those who remain poor, it reduces the poverty gap by nearly a third. The annual cost is $24.1 billion. (Author abstract)
A renter's tax credit to curtail the affordable housing crisis
The SSRC is here to help you! Do you need more information on this record?
If you are unable to access the full-text of the article from the Public URL provided, please email our Librarians for assistance at firstname.lastname@example.org.
In addition to the information on this record provided by the SSRC, you may be able to use the following options to find an electronic copy from an online subscription service or your local library: