09 June 2009

879 Affordable Low Income Houses

Low income housing is coming to central New Jersey. Wait - did I just write that? Shouldn't I have written "affordable housing"?

Not this time. Now, thanks to the feds, we can call it what it really is. At least the announcement last week that $19.5 million was coming to the region in the form of federal Low Income Housing Tax Credit Funds - with another $20.6 million in American Recovery and Reinvestment Act funding - allows us to drop the absurd "affordable housing" moniker.

In housing, like in every other product, you get what you pay for. The market expands to fill every niche. If you are making an "income" - even a "low income" - there is a home out there for you. Maybe not in your first choice city or neighborhood - but that's always something to aspire to.

I can't imagine anyone aspiring to live in low income housing - no matter how affordable it is.

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