The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Housing Policy in the United States

  • John M. Quigley
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2053

Abstract

The most significant and most expensive housing policy in the United States is the treatment of owner-occupied housing for tax purposes. This treatment of housing under the tax code is analogous to that in many other countries (for example, Sweden), but certainly not in all developed countries (for example, Canada). Federal subsidies to US renter households are much smaller. Policy has evolved from programmes in which the government built, owned, and managed dwellings to programmes emphasizing housing demand through vouchers and rent certificates awarded to eligible households.

Keywords

Great Depression Homeownership Housing Housing costs Housing expenditures Housing externalities Housing finance Housing policy in the United States Housing subsidies Housing tax credit Income tax Inflation Interest rates Internal Revenue Service (IRS) Land-use regulation Rent control Social capital Tax expenditures Taxation of capital income 
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Bibliography

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • John M. Quigley
    • 1
  1. 1.