Access to stable housing is critical to the wellbeing of individuals and families. As rents have risen and wages have not kept pace, finding affordable housing in the U.S. has gotten harder. This is especially true for low-income families, who often spend more than half their income on rent.
The U.S. has a number of housing policies, like Housing Choice Vouchers, to help low-income families find and afford housing, but only about 25% of eligible households get assistance. Housing vouchers can also be challenging to use when landlords refuse to accept them. This led us to consider whether a different policy – the Earned Income Tax Credit (EITC) – might help improve families’ housing situations. We wanted to know whether making the EITC more generous for low-income families might be another way to address the housing affordability crisis.
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