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Why one US city is paying for lower-income tenants to live in luxury buildings

Why one US city is paying for lower-income tenants to live in luxury buildings

To deal with a shortage in affordable housing, Denver is trying out a pay-what-you-can program for some tenants. Under the program, the city will pay the difference between what lower income tenants — like teachers, hotel workers, medical technicians and food service workers — can afford to pay and the market-rate rent, the Wall Street Journal reported. The program, dubbed Lower Income Voucher Equity program, or LIVE Denver, will be open to individuals making between […]


Source: realdeal

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