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US Housing Policy

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  • Olsen, Edgar O.
  • Zabel, Jeffrey E.

Abstract

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.

Suggested Citation

  • Olsen, Edgar O. & Zabel, Jeffrey E., 2015. "US Housing Policy," Handbook of Regional and Urban Economics, Elsevier.
  • Handle: RePEc:eee:regchp:5-887
    DOI: 10.1016/B978-0-444-59531-7.00014-4
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    Cited by:

    1. Lin, Cho-Min, 1989. "The benefits of the subsidized housing programs: public housing, rent certificates, and the housing voucher program," ISU General Staff Papers 1989010108000017598, Iowa State University, Department of Economics.
    2. Essi Eerola & Tuukka Saarimaa, 2017. "Delivering Affordable Housing and Neighborhood Quality: A Comparison of Place- and Tenant-Based Programs," CESifo Working Paper Series 6674, CESifo Group Munich.
    3. repec:eee:juecon:v:99:y:2017:i:c:p:120-135 is not listed on IDEAS
    4. Edgar O. Olsen & Jeffrey M. Tebbs, 2011. "The Effect on Program Participation of Replacing Current Low-Income Housing Programs with an Entitlement Housing Voucher Program," Virginia Economics Online Papers 378, University of Virginia, Department of Economics.

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    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;

    JEL classification:

    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R28 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Government Policy
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy

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