A new fact sheet from the Urban Institute, Federal Housing Subsidies: To Rent or To Own?, compares federal subsidies for rental housing and home ownership. Of the $199.5 billion the federal government spent approximately on housing programs and tax expenditures in 2006, 75% went for homeowners. Housing plays a vital role in the lives and finances of families. Many studies have noted the variety of benefits that home ownership creates. The main benefit to home ownership is financial stability. The federal government spends nearly 4 times as much on home ownership than on rental assistance, $157.5 billion on home ownership compared to $42 billion on rental programs.
Home owners get majority of federal housing subsidies
Article by Richard Brown
Richard W. Brown, has almost forty years experience in both housing development and community organizing. Since 1991 Mr. Brown has been the Chief Executive Officer of Monarch Housing Associates, the 1995 Governor’s Excellence in Housing Award winner in the organization category. He has been happily married to Jan, the woman he loves since 1975, and has two grown children - Jon and Mike - and a dog - Oscar. On July 19, 2010, he became the proud grandfather of a his first granddaughter - Lilah-Rae.Click here to send Mr. Brown an email.
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