Housing Partnerships: A new system of housing Finance

Andrew Caplin, Charles Freeman & Joseph Tracy
"Owning a home is a high priority for the vast majority of American households. Since homeownership is seen as improving the quality of local public goods, expanding home ownership is a priority not only of private households, but also of the various branches of government. Currently the Federal Government provides public assistance to home owners through the mortgage interest deduction, HUD subsidies on high default FHA/VA loans, and a variety of other schemes. Generally, the...
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