The Washington Post is publishing a series of opinion pieces on what housing policies the next president should adopt. The first, by Urban Institute fellow Erika Poethig, argues that federal rental assistance should target the most vulnerable populations instead of, as is done today, simply anyone who makes a certain percentage below median incomes. The second, by University of Virginia economist Edgar Olsen, goes further and argues that all low-income housing subsidies should be in the form of rental assistance, not construction of low-income housing, which he says is not cost effective.
The most recent article is by the Antiplanner, and readers of this blog will not be surprised to learn that it focuses on land-use regulation. One point that I didn’t make in the article for lack of room (I was given a 500-word limit) was that land-use restrictions that make housing more expensive impose higher costs on taxpayers who are expected to provide low-income housing.
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On the same day, Oregon’s Cascade Policy Institute published a paper arguing that Oregon land-use regulation violates the Fair Housing Act just as much as if Oregon put up a sign saying, “No blacks allowed.” This is similar to a paper previously published by Hawaii’s Grassroot Institute, but of course with more of a focus on Oregon law.
HUD is among the many agencies that should be eliminated.
“The second, by University of Virginia economist Edgar Olsen, goes further and argues that all low-income housing subsidies should be in the form of rental assistance, not construction of low-income housing, which he says is not cost effective.”
Good to see common sense. But the government control types won’t like that. They want to give their cronies huge dollars to build affordable housing and then order people to live there. Rental assistance means people can choose where to live and there are no big contracts to pass out.
“Rental assistance means people can choose where to live and there are no big contracts to pass out.”
Not only that, there’s always the risk that the folks getting assistance might decide they want to live in the same neighborhood as the government control types.
No assistance to renters, builders or cities is needed, and usually makes the situation. Capitalism (not crony-capitalism) would take care of housing needs. However, there are too many restrictions and extra costs put on new housing construction.