US Housing Policy
Edgar Olsen () and
Jeffrey Zabel ()
Chapter Chapter 14 in Handbook of Regional and Urban Economics, 2015, vol. 5, pp 887-986 from Elsevier
Governments throughout the world intervene heavily in housing markets, and most have multiple policies to pursue multiple goals. This chapter deals with two of the largest types of housing policies in the United States, namely, low-income rental assistance and policies to promote homeownership through interventions in mortgage markets. We describe the rationales for the policies, the nature of the largest programs involved, the empirical evidence on their effects, and the data and methods used to obtain them. Because the US government uses such a wide range of policies of these types, this evidence has lessons for housing policy in other countries.
Keywords: Housing policy; Low-income housing programs; Low-income housing assistance; Housing subsidies; Public housing; Housing vouchers; Homeownership rate; Mortgage markets; Foreclosure prevention; Promoting homeownership; H5; I3; R21; R28; R31; R38 (search for similar items in EconPapers)
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