“I’ve been through a lot with this house” Celeste Matthews. Painful stories from victims of a confusing and constantly evolving program-> Katrina Survivors Were Told They Could Use Grant Money to Rebuild. Now They’re Being Sued for It.
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Dan Teles
@YourBuddyDan
Economist at the Urban Institute. Views my own.
Washington, DCJoined February 2012
Dan Teles’s Tweets
Want to work together? urban.wd1.myworkdayjobs.com/en-US/Urban-Ca
Check out our hot off the press article about New Markets Tax Credits and their impact on neighborhoods: onlinelibrary.wiley.com/doi/10.1111/jo
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With scholars like (among the easily tagged) and rock stars like #MarlaNelson #JimElliott #IsabelleAnguelovski #JustinSteil and all the others, how could this issue not change the policy debate?
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“There is no turning back. The paths of climate policy with housing policy have become obviously and inextricably intertwined”
From the introduction by @carlosonhousing, which includes a thorough literature review. Read the full introduction below:
tandfonline.com/doi/full/10.10
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The and launched a RFP for the Catalyst Grant Program to help organizations use data and technology and advance racial equity in the criminal justice system. Grants will be up to $40K for 6 month projects. Apply by 2/18!
catalystapplications.urban.org
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Families in FEMA trailers due to Hurricane Laura face a looming deadline to move out. But Laura and the 3 other weather disasters since in SWLA have greatly worsened an affordable housing shortage.
Some have no idea where they'll go. Story:
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Check out this article in about a new pilot program that 🤞will help get rental properties rehabbed faster after storms louisianaweekly.com/fund-is-launch
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Enterprise and Morgan Stanley have devised an interesting program to address the long wait for CDBG-DR funds that can be used to repair rental housing stock
Also, today I learned that if you search for things under #EDA you will find out a lot about a cartoon called Owl House. So if you want to learn about federal economic development investments, get off twitter and read our briefs. (Yeah, both of you.)
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The first 2 briefs from our continuing research in to the work of the Economic Development Administration have just been released
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Alternative tweet: Who wants to read 1,500 words on beverage excise taxes?!? No really, it’s more interesting than you think thehill.com/policy/finance
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Maybe help people find housing 1st, dispose of their tents 2nd...just an idea.
New blog: State and Local Antidiscrimination Laws Could Help Renters Access Emergency Rental Assistance and Keep Their Homes: urbn.is/3zvMXeC via
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Updated data on State and Local Voucher Protection Laws
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Homeownership is affordable housing. And if we're going to address housing affordability in America, we must pursue strategies to increase access to homeownership.
Read my new blog:
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transitory = jargon(temporary)
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Anyway, if you want to help create opportunities for people in low-income neighborhoods. NMTC probably ain't it. Tax credits are fun to study though. 11/11
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Retail >>>> a bunch of new jobs (somewhere btw 12 and 325) but the increase in residents with jobs (no more than 47) seems to align with new college-educated residents (btw 7 and 54). 10/11
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Manufacturing projects don’t look like they have much of an economic effect…and might cause residents to move out. urban.org/sites/default/ 9/11
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We also looked at NMTC projects by what the credits actually funded. The two most common types were manufacturing and retail.
Our estimated “effects” by type aren’t very precise but certainly don’t make NMTC look any better. 8/11
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it isn’t clear that any of these benefits accrue to the residents that lived in the neighborhood before the development occurred. Instead, we see increases in college-educated residents in tracts with NMTC projects. 7/11
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We found that neighborhoods that get NMTC projects see more economic activity (number of biz and jobs) after a project. And poverty rates in those neighborhoods decline. But, 6/11
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New Markets Tax Credits are an overly complex give-away to developers and financial intermediaries that every so often helps fund a community health clinic or other valuable resource. 5/11
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We didn’t editorialize, so I’ll do that here. 4/11
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We documented how the program is funded, where the credits go, to whom, and what they are used for. And, we looked at how neighborhoods with NMTC-funded projects changed. urban.org/research/publi 3/11
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New Markets Tax Credits provide incentives to invest in low-income communities (census tracts with low median incomes or high poverty rates). urban.org/research/publi 2/11
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‘It’s just a vicious cycle’: Evictions, homelessness surge in southwest Louisiana after hurricanes
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So much hard work to be done, but owning up to the federal role in inequities is a step towards fixing them. A "hot take" w/ & : Facing the Facts About Housing Injustice Will Help Pave the Way to Racial Equity: urbn.is/2YeEMD6 via
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Permanent, rather than ad-hoc, authorization of and funding for CDBG-DR would help. The house passed something in 2019 that never passed the senate.
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New blog with . Why Does Disaster Recovery Take So Long? Five Facts about Federal Housing Aid after Disasters: urbn.is/3okDReW via
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Why does research always "suggest"? Why can't it just be direct and say what it feels??
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Developing and preserving affordable housing and small businesses along the Purple Line is key to equitable transit-oriented development. See what have been up to this year in the corridor. urban.org/research/publi
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Also: cut for space since colleagues have already written extensively (urban.org/renters-and-re) -- tax credits for renters are NOT the immediate response needed to help renters during the COVID crisis.
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It's not clear that tax credits for renters are the best solution, my guess is they are the most likely and therefore warrant further examination.
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