HousingWire: HUD Secretary Ben Carson lays out his plans for affordable housing and regulatory reform
In his remarks, he highlighted the issues facing the American housing market and laid out plans to address housing shortages and persistent poverty.
Keeping with his previous rhetoric on the subject, Carson reiterated his commitment to finding a way to cycle people up and out of public housing developments.
Carson laid out three components of his plan for reforming public housing.
The first is eliminating policies that increase rents as income goes up.
“The current policies ensure that the more our residents earn, the more rent they have to pay. Where then, is the incentive to work, or to get a better paying job, or have two parents living together and sharing their wages? There isn't any, which really defies common sense. Our rent reform proposal, therefore, removes these perverse incentives by having a three-year recertification of income -- and removes the requirement that tenants must report any income increases, immediately. One could even say it's like not having to pay taxes for three years,” Carson said in his remarks.
To view the complete article, visit HousingWire
Courtesy of HousingWire
Follow Us
Twitter
Facebook