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The economy is at the forefront of television news and debates over policy. The national unemployment rate remains high, and thousands of people have been unemployed for six months or more. Many have sought a full-time job for over a year. With this type of economy, the right to affordable housing advocates increased development of affordable housing, because more people need places to live cheap. But this is not the only reason to build more affordable housing.

Earlier this year, the Authority of Maine State Housing in a press release for more details, benefited from the way the economy of Maine low-income housing. According to media projects across the country have helped to create over 300 full-time jobs – almost a full time position for each economic unit developed.

It also provided an additional $ 64 million in the state of the economy has been, and spend only as a direct result of the money in the projects. It ignores the economic benefits of working with more people, who are also spending money to reach local businesses.

Most of the 320 units currently in development for families with incomes at or below 50 percent means that the area median income (AMI). All projects were financed with loans to low-income housing tax (LIHTC), and some of them have also received funding from the American Recovery and Reinvestment Act of 2009. The State of Maine Announces Housing Authority is a reminder that large projects more affordable housing to help people, and you can get the money and jobs to bring to our communities.

And this is not the first report this year that gives evidence of the financial benefits of affordable housing. Other reports have shown that low-income tax credits help to help finance affordable housing projects, it also helps to stimulate the economy and the use of federal funds to ensure private investment.

In our current economic situation, the general consensus seems to be that all government spending is bad. However, numerous reports from both the public and the private sector, provide strong evidence that some government programs do not work well, create jobs and stimulate private investment in local communities. In the case of affordable housing in spending, almost all studies found that low-income residents are not the only beneficiaries of these programs. How to keep legislators to cut and what programs should be preserved, here is hoping the results of studies and declarations, as Maine has in the decision-making.