Executive Summary U.S. taxpayers spend tens of billions of dollars a year subsidizing housing for low-income households. Previous researchers have shown that subsidized housing costs about 20 percent more per square foot than unsubsidized homes; that developers capture most of the benefits of such subsidies; and that affordable housing does little to make overall housing […]
This month, Cascade Policy Institute is releasing a new report explaining why government-mandated “affordable housing” doesn’t actually make housing more affordable. In The Affordable Housing Scam, author Randal O’Toole writes that while “U.S. taxpayers spend tens of billions of dollars a year subsidizing housing for low-income households,” those units cost “about 20 percent more per […]
The housing affordability crisis is turning Portland, already one of the whitest cities in America, into one that is even whiter. Census data indicate that, between 2010 and 2014, the number of whites living in the city of Portland grew by 30,500, or 6.8%, but the number of blacks shrank by 4,500, or 11.5%. Some […]