Roberts drops final bill of session, looking to provide affordable housing

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Funding from PHFA helped provide rental housing that worked for lifelong friends jane and Betty; Nilda needed an apartment within her budget so she could continue to care for her adult daughter; Yvonne wanted rental housing to enjoy her retirement and her grandchildren

Boston Housing Authority (BHA) provides affordable housing to more than 58,000 residents in and around the City of Boston. Residents are assisted through a combination of public housing and federal and state voucher subsidy programs that provide a wide variety of housing opportunities.

State and local governments also provide money and tax incentives for affordable housing for the poor. In partnership with public, private and non-profit agencies, local government housing authorities develop and manage a continuum of affordable housing options from special needs housing to large apartment communities to elder housing.

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The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.

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Related. Even if the final version of the tax bill preserves the exemption for private activity bonds, as the Senate version currently would, its massive corporate tax cuts – reducing the corporate tax rate from 35 percent to 20 percent – would still indirectly slash city housing funds. If corporations’ tax obligations are significantly lower,

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