Which of the recommendations in the BPC Housing Commission’s report should receive highest priority?
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BPC’s proposal to increase funding to the Low Income Housing Tax Credit (LIHTC) by 50 percent presents an exciting opportunity to preserve and improve even more housing for low-income populations across the nation. For every new affordable apartment created, two are lost due to deterioration, abandonment or conversion to more expensive housing. Without preserving existing affordable housing, we fall two steps back for every step we take forward. The LIHTC saves homes while simultaneously creating jobs and tax revenue. Increasing its funding merits the highest priority among BPC’s recommendations.