EXCERPT: “Each year, the federal government delivers approximately US$8 billion in low-income housing tax credits to housing developers that agree to set aside a certain number of units as rent-controlled affordable housing for qualified tenants. Since it began in 1986, the program has helped create at least 45,905 affordable housing projects with nearly three million units. Some recent research suggests that the affordable housing properties built with the tax credits help to integrate and revitalize otherwise poverty-stricken neighborhoods . . . In a recent report, Rebecca Diamond and Tim McQuade from Stanford’s Graduate School of Business offered new empirical evidence to support the view that the tax-subsidized properties benefit surrounding areas. They found that the projects increased property values, lowered the crime rate and spurred economic and racial integration – as long as the buildings were located in low-income neighborhoods where more than half the population was black or Latino.” FULLSTORY: http://bit.ly/2wBAcj6