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 […]
