New Article: Ali Foyt, Legal Obstacles to Affordable Housing Development, 56 Houston L. Rev. (2018). Abstract below:
A nationwide housing shortage creates persistent housing affordability challenges for American households. As things stand today, the nation’s current market-based policies in the private housing sector threaten to undermine efforts by affordable housing developers. The Low-Income Housing Tax Credit (“LIHTC”) program and related housing law can—and should—be modified to allow developers to respond to systemic economic shortcomings in the housing market. This Comment explores the historical efforts by Congress and, more recently, the 2017 Tax and Jobs Cuts Act, that address, or fail to address, this severe housing shortage. By framing the obstacles faced by affordable housing developers in the context of recent changes in the tax code, this Comment aims to highlight areas where reform is desperately needed to adequately respond to America’s affordable housing crisis.
Poverty Law 