What is Development and Does it Promote Environmental Sustainability?

Q: What is development and does it promote environmental sustainability? Diverse views are associated with a concept of “development”. Some define it is a process of directed change, and associate development with a country’s growth of GNP. Development is that sense perceived as process of acquiring wealth or economic growth. One of definitions of development says that development is, actually, a way of thinking. Hence, to some people it means injuries to people and nature, while to others it means {Read More}

LIHTC: Its Past and Current Main Attributes

The Low-Income Housing Tax Credit program (LIHTC or Lie-Tech) was created in 1986 by the Tax Reform Act of 1986 and signed into law by President Ronald Reagan. It has soon ripened into the federal government’s largest program for the development and restoration of affordable housing. The program invests over $6 billion dollars each year to produce 150,000 rental residential units and 100,000 jobs. So far, the program has enabled the rehabilitation of 2.5 million housing units. Between 1987 and {Read More}

Ecological Footprint Model: Assessing The Advantages and Disadvantages

Ecological footprint is an index of environmental sustainability and learning framework used to calculate human consumption and its impact on the environment. The framework makes the sustainability concept more understandable, providing policy-makers with a sound standard for evaluating policies and projects. The ecological footprint model is also a practical tool that helps individuals estimate resource consumption and waste generation parameters of a certain population relevant to the corresponding useful land and water area. The concept of ecological footprint was first {Read More}