Mastering the metropolis through research and thought leadership.
Working Papers

How Affordable is Affordable Housing?

Working paper #497
Witold Rybczynski

Affordable housing is a replacement for traditional public housing. Instead of isolating low-income families, affordable housing mixes them among various income groups. Low-income tax credits provide incentives to developers, while block grants assist state and local governments in subsidizing community development corporations and other non-profit housing organizations. Since affordable housing is built to be indistinguishable from private housing, it is not inexpensive. Recent research finds that subsidized housing crowds out equivalent-quality low-income housing that otherwise would have been provided by the private sector. The author questions this housing strategy and suggests that assisting low-income tenants directly through housing vouchers is both cheaper and more efficient than subsidizing bricks and mortar.

Download full paper · 1MB PDF


In This Section
Explore Topics

1010 Affordable Housing Amazon Amenitization Architecture Artificial Intelligence Asia Australia automation Autonomous Vehicles Borrowing Constraints Brexit California Canada Capital Business China Co-Working Environment coastal markets Colombia Commercial Brokerage Commercial Real Estate commissions Congestion consumer bias covid-19 CRE credit card market Credit Default Swaps Credit Insurance Credit Risk Transfers Culture Data Analytics Data Collection Technology Debt Market Demand Demographics Density Development Discrete Choice disruption Diversity drones e-Commerce Economic Corridors economic policy economics Equity Funds Equity Market Ethnic Factors Europe Fannie Mae financial asset management Foreclosures Foreign Policy France Freddie Mac general equilibrium Global Global Financial Crisis Globalization great depression Great Recession Hedonic Housing & Residential housing boom Housing Disease housing prices Housing Supply Identity Income Inequality India Inter-generational mobility Investing jobs labor market Lagging Regions land use regulation Language Macroeconomics malls Market Pricing megacities Microeconomics Migration Minimum Payments Mixed-Use Mobility moral hazard mortgage insurance mortgage market Mortgage Rates Mortgages Multi-family Nation Building Non-Traditional Mortgages Office Market office sector Placed Based Policies Political Risk Price Discovery Private Equity Business public health Public Schools real estate brokerage Real Estate Investment Real Estate Investment Trusts Recession Rental Retail Retirement reverse mortgages Risk Adjustment risk-shifting robotics single family housing Slums Sorting South America Spatial Regions spillover effect Sub-Prime Mortgages Sustainability Technology trade transportation United States Urban Urbanization Warehouse welfare

arrow_drop_up