Agenda Packets - 1987/09/14 - Laserfiche WebLink

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FL 14 Low and Moderate -Income Housing (gong Cities face serious difficulties in providing subsidized and public housing for residents with limited incomes. Expiration of federal subsidies and loss of tax preferences, it is feared, will combine to produce rent increases and the sale of rental properties, y further reducing the availability of such units. Rental assistance and rehabilitation of single and multi -family units must be a priority for fedei housing assistance programs for 1988, along with sufficient funds to assist cities to maintain :xisting public housing units. It is clear that no single approach to housing needs is sufficient in meeting the wide-ranging demand rTherefore, it is necessary to develop a national housing poY the the decline in federal housing assistance that has been steadily withdrawn since 3.981, and to encourage a comprehensive approach to the housing problems city officials have identified. The League also urges congress to encourage owners of low- and moderate-inccme housing to retain such units aiid to provide incentives to maintai:i affordable housing rather than to sell or redevelop such properties. section 8 rental subsidies must be extended for another 15-year period to assist those who cannot afford the prevailing rental ratns. Congress must also remove multi -family housing bonds from the state per capita volume limits on tam -exempt bonding. In addition, federal housing tax credits must be available for :lousing rehabilitation activities as wall as for projects financed with federal grants and t also aid in loan programs. Further, federal housing programs mus stimualting construction of new affordable housing as well as an increase in home ownership and the rehabilitation of public housing units and provision of housing for homeless individuals and families. - 77 -