Vouchers versus Production Revisited

Mark Shroder and Arthur Reiger

Journal of Housing Research, 2000, vol. 11, issue 1, 91-107

Abstract: Policy makers who want to help house low-income families might either fund production of new units or supplement the payments families make for existing units. Conventional wisdom holds that production costs more, but it has been claimed that the long-term discounted costs of project-based and tenant-based housing assistance may not be very different.Using large databases for assisted tenants from the U.S. Department of Housing and Urban Development, we find that 15 to 20 years after construction, Section 8 New Construction/Substantial Rehabilitation projects remained considerably more expensive than Section 8 certificates. The federal government could not use construction subsidies to preempt rent inflation. Even in the most inflated markets, rents for units that developers wanted to build are higher than comparable certificate rents.

Date: 2000
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DOI: 10.1080/10835547.2000.12091951

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