HousingWire: HUD Secretary Ben Carson lays out his plans for affordable housing and regulatory reform
“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.
Courtesy of HousingWire