(CSH) Our 2019 QAP Analysis and Data, and Successful Ballot Initiatives
Read the policy brief and learn more about the ballot initiatives in this email!
Releasing Our 2019 Qualified Allocation Plan Analysis and Data Report
CSH estimates that there are 1.1 million individuals and families in need of supportive housing nationwide. We also expect the COVID-19 pandemic to increase this number as many individuals and families will be affected by loss of income and increasing housing. As state leadership begins to plan for 2021 and continues to manage the effects of the COVID-19 pandemic, the Qualified Allocation Plan (QAP) offers one tool to leverage the Low-Income Housing Tax Credit (LIHTC) alongside broader state strategies for promoting thriving communities.
As has been the trend in years past, in 2019 all states and territories included at least one method for incentivizing housing for vulnerable individuals and families either as part of the QAP or through an alternative state resource that was leveraged alongside LIHTC.
When comparing year-over-year data, there was an increase from 2018 in the number of states that either required or incentivized extended low-income periods for developments. Similarly, more states included fair housing requirements that went beyond the Fair Housing Act. There was also an increase in the number of states using set-asides for extremely low-income (ELI) units serving those at or below 30% area median income (AMI); however, fewer states actually required ELI units as part of a threshold.
Her are the five recommendations in our report:
Allocate Low Income Housing Tax Credits for Supportive Housing
Prioritize the Populations Most in Need of Supportive Housing and Large Families
Include Requirements for Extremely Low Income Units
Ensure Equitable Access to Housing and Address Disparate Impacts to Fair Housing
Clearly Define Supportive Housing and Ensure Quality Standards
Voters took to the polls in several states to decide key state and local ballot initiatives in support of affordable and supportive housing. Here are a few highlights:
San Francisco – Prop K / Authorizes the city to build/rehab up to 10,000 units of affordable housing.
Charlotte – Housing Bonds Referendum/ $50 million housing bond in increase supply of affordable housing for low and moderate in income residents.
Raleigh – Housing Bonds Referendum/ $80 million bond for affordable housing, $28 million dedicated to household < 30% AMI.
Denver – Measure 2B/.25 percent sales tax hike, to help provide more housing and services for the homeless.
Portland Region – Measure 26-210/ 1% marginal income tax on individuals earning more than $125,000 annually or couples who earn more than $200,000. The second is a 1% tax on the profits of businesses that have annual gross receipts of more than $5 million.
For a more complete list of state and local ballot initiatives click here.