Sunday, June 17, 2018

Affordable housing rents to increase
Housing and Urban Development Secretary Ben Carson says his latest proposal to raise rent would mean a path toward self-sufficiency for millions of low-income households across the United States by pushing more people to find work. But for some, it could mean homelessness. The federal proposal looks to raise the rent of affordable housing residents from 30 percent of their income to 35 percent. And solow-income tenants -- many of whom have jobs -- would have to pay roughly 20 percent more each year for rent under the plan. For Tennesseans, rent would increase by 23 percent which would be about $840. Secretary Carson said the proposal will not effect the elderly or disabled. About 4 million low-income households who receive HUD assistance would be affected by the proposal. The agency estimates that about 2 million would be affected immediately, while the other 2 million would see rent increases phased in after six years. The proposal, which needs congressional approval, is the latest attempt by the Trump administration to scale back the social safety net, under the belief that charging more for rent will prompt those receiving federal assistance to enter the workforce and earn more income.


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