Housing Policy Levers to Promote Economic Mobility

Housing Policy Levers to Promote Economic Mobility

Federal, state, and local policies that provide access to safe, affordable housing can play an essential role in improving the economic well-being of low-income households, a report from the and the  finds. According to the report, (60 pages, PDF), tax policy, rental assistance, fair housing, and homeownership programs all could help boost economic mobility — if they were better designed, enforced, and funded. Housing vouchers, for example, provide clear opportunities — but only if barriers that discourage families from moving to lower-poverty areas are removed and the Fair Housing Act is more strictly enforced in communities where housing discrimination is a problem. Other recommendations include more generous tax benefits for affordable housing construction and better incentives aimed at encouraging communities to integrate affordable housing into their future development plans.