Abstract
Michael E. Gleeson Spotty but intriguing evidence suggests that proposals for rental vouchers may be missing an opportunity. Instead of combining vouchers with rental construction programs, why not combine vouchers with homeownership incentives? The lure of vouchers is that they cost so much less than construction programs.' But this is true only if low-rent units are available to voucher recipients; in those areas where such units are in short supply, proposals would combine vouchers with subsidies for selected construction. The question is: What kind of construction should be subsidized?
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