Basically, as the post’s author illustrates, the majority of US Housing Subsidies are eaten up by the Home Mortgage Interest Deduction program, of which the biggest benefactors are those with more expensive homes/rich people. The amount given to subsidize the living of extremely low income households is comparably (and shockingly) small.
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April 9, 2012
While affordable housing advocates and local politicians nobly debate over whether local tax money should be used to finance the construction of low-income units or for vouchers, the federal government continues its backwards system of giving homeowners (renters, of course, get nathan) a guaranteed subsidy that is disproportionately doled out to the rich.