Wednesday, October 11, 2017
TKC EXCLUSIVE!!! KANSAS CITY HIGH-INCOME HOUSEHOLDS COLLECT MUCH MORE ASSISTANCE THAN SECTION 8!!!
As our community continues to consider increasing wealth disparity in Kansas City and beyond, an important fact regarding taxpayer-funded assistance comes to light with the help of our reporting partners.
To wit . . .
CHECK THIS FACT CHECK ON HIGH-INCOME KANSAS CITY HOUSEHOLDS ACQUIRING FAR MORE ASSISTANCE THAN SECTION 8 RESIDENTS!!!
As always, our blog community champions ALTERNATIVE info that challenges assumptions and offers insight into how systems work in so many ways that contradict popular conceptions.
Accordingly, check this report:
MID vs. Section 8: Kansas City high-income households receive 84% more housing assistance than low-income households
With the tax reform debate underway, Apartment List took a closer look at the popular mortgage interest deduction (MID) and compared federal expenditure on the MID to spending on Section 8 rental assistance programs.
In a new report released today, we found that the MID cost the federal government $71.0 billion in 2015, more than double the $29.9 billion funding for Section 8.
Additionally, the MID is a highly regressive benefit, with most of the expenditure going to high-income households. Only 11 percent of low-income households receive assistance with their housing costs, and spending per household is nearly four times higher for high-income households compared to low-income.
- Nationwide, MID expenditure is more than double the funding for Section 8, and 85% of MID benefits go to high-income households; spending per household is just $416 for the low-income group, compared to $1,549 for high-income households
- Overall, households in Kansas City receive average federal housing assistance of $629 through the MID and Section 8, compared to the national average of $676
- Spending per household in Kansas City is just $379 for low-income households, compared to $1,374 for high-income households
Read the full report here!!!
Developing . . .