1994 Reports

Housing Partnerships: A new system of housing Finance

Caplin, Andrew; Freeman, Charles; Tracy, Joseph

"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 housing
market reflects a long and intricate private/public partnership."