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Dewar, Deng Research Cited in Bridge Magazine Story Detroit Housing Tax Credits

Wednesday, August 22, 2018

Research by Taubman College Professor Emerita Margaret Dewar and Associate Professor of Urban and Regional Planning Lan Deng was cited in a Bridge magazine story about how expiring tax credits provide a threat to low-income housing in Detroit. Dewar also was quoted in the story.

Since there’s little or no profit in low-income housing, tax credits incentivize developers to set aside as much as 40 percent of units in their buildings for households that earn less than $42,540, which is 60 percent of the area’s annual median income. As new development costs escalate and a large number of federal tax credits are expiring — include a disproportionate number in the trendy Midtown and Corktown neighborhoods — builders, owners. and developers may be even less likely to maintain low rents.

Dewar and Deng found that Detroit needs at least 21,000 more housing units for low-income families. This research is helping city officials and community organizers find solutions to ensure affordable housing for low-income Detroit residents.

To learn more about Dewar and Deng’s research and the state of affordable housing in Detroit, read the Bridge magazine story at bridgemi.com/detroit-journalism-cooperative/poor-people-risk-eviction-tax-credits-expire-and-detroit-revives.