An Analysis Study of Affordable Housing in the United States

Abstract

It is very interesting to learn that the affluent country such as United of America still have social welfare program such as affordable housing program. So, this article aimed to study the problem of the gap in affordable housing in the United States during the Clinton’s administration. The data for study were based on James E. Wallace Abt Associates Inc. that indicated that the forms of federal financial support for affordable housing are roles of private, for-profit suppliers; local public housing agencies; and nonprofit, community-based developers in providing affordable housing. The primary U.S. vehicle for affordable housing production is currently the low-income housing tax credit. While this system has produced nearly 350,000 units of low-income housing, it has inherent inefficiencies relative to a direct capital grant and currently requires assembling mortgage financing from several sources. Congress and the Clinton administration have been reluctant to encourage much additional development by public housing agencies, and the capacity of nonprofit, community-based developers is still limited. Experiments are under way on a variety of credit enhancement and risk-sharing techniques. Also, the data for study from Harvard University Report on 2020 housing in the U.S.