51. Write To Organizations
Some of the largest corporations in America have joined the battle for
low-income housing. Through the use of the tax credit or by outright grants,
they are participating with federal and state government, not-for-profit and
community-based groups to build desperately needed housing in Chicago,
Cleveland, Los Angeles, Philadelphia, and dozens of other cities.
If a company invests $1 million in a financing pool for low income housing,
over the course of fifteen years it could realize $2.3 million in tax savings.
How does it work? The federal government assigns tax credits to each state. The
state housing authority then passes these tax credits on to private developers
and investors who build low-cost housing.
Foundations and religious groups are also critically needed partners in this
effort.
*Write major corporations, foundations, and religious groups urging them to
join the effort.
*Thank them if they are already partners in a major program and ask them to
do even more. You'll be surprised. A few letters to people at the top will go a
long way...
Real People
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54 Ways You Can Help
The Homeless - Overview