Federal Reserve Bank of San Francisco

Community Development

Community Investments Vol 21, Issue 3
The Housing Policy Revolution


Winter 2009

Community Investments

In the public imagination, the idea of government subsidized housing conjures up thoughts of a hopelessly inefficient Department of Housing and Urban Development (HUD) or high-rise “projects” where crime and drugs are rampant. That impression, however, bears little resemblance to subsidized housing today. As a practical matter, HUD has been out of the housing construction business since 1978. While it plays a big role in providing Section 8 housing vouchers, it does not build much housing other than small projects for senior citizens and people living in rural areas.

Download PDF (pdf, 521.55 kb)

Other articles in this issue