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Moving Working Families ForwardThird Way Policies That Can Work$
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Robert Cherry

Print publication date: 2011

Print ISBN-13: 9780814717189

Published to NYU Press Scholarship Online: March 2016

DOI: 10.18574/nyu/9780814717189.001.0001

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Recasting Housing Subsidies

Recasting Housing Subsidies

Chapter:
(p.171) 10 Recasting Housing Subsidies
Source:
Moving Working Families Forward
Author(s):

Robert Cherry

Robert Lerman

Publisher:
NYU Press
DOI:10.18574/nyu/9780814717189.003.0010

This chapter demonstrates Third Way policies that rely on private markets to provide housing for the working poor. It suggests expanding government rent subsidies to more families by reducing maximum grants and detaching them from dedicated units, including public housing projects. As a result of housing-price declines and rental increases, government housing subsidies in many cities may be used more effectively to purchase affordable housing rather than subsidizing for rental units. Given the serious unmet needs facing many families, using housing assistance as efficiently as possible is an urgent priority. These housing problems, however, cannot be solved by tinkering at the margins with current programs; it is the policy transformation proposed in this chapter that has a chance to succeed.

Keywords:   Third Way, housing policies, government rent subsidies, housing projects, housing assistance

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