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US Federal housing expenditures: Difference between revisions
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*Federal housing funding has been cut 75% [sometimes 80%] since 1980, or since Reagan presidency.
<br/> It appears this claim is based on HUD Budget Authority Figures, which were much higher before the early 1980s largely because of change in how they were calculated (see [https://www.yimby.wiki/wiki/US_Federal_housing_expenditures#HUD_Budget_Outlays_vs_Budget_Authority HUD Budget Outlays vs Budget Authority] section above. Also, it is not including funding via tax expenditure: the Low-Income Housing Tax Credit, which since the mid-1980s has been the primary way US government has supported new affordable housing, funding 2.4M new homes since it began in 1986.
[[File:NYT-Governments-Retreat-from-Housing-headline.png
<br/> One key dissemination of the statement about major Federal cuts was the ''New York Times'' article of January 18, 2019, "[https://www.nytimes.com/2019/01/18/upshot/microsoft-seattle-affordable-housing-plan.html Microsoft’s Leap Into Housing Illuminates Government’s Retreat,]" by Emily Badger:
<blockquote>''"The government spent about three times as much on housing programs in the 1970s as it does today, according to the National Low Income Housing Coalition. "'' ''“Diane Yentel, the president of the National Low Income Housing Coalition, said she would welcome a trend in which more major tech companies put up money to address housing. But she warned of the risk of further letting the government off the hook.<br/> <br/> 'Today’s modern phenomenon of homelessness didn’t exist in the late 1970s because our country housed almost everyone, including the lowest-income and most vulnerable families,' Ms. Yentel said in an email. 'The key difference between then and now is declining federal subsidies.'"''</blockquote>
For the "''spent about three times as much" ''figure, the article cites Yentel testimony presented to the Financial Services Committee, US House of Representatives, December 21, 2018. [Yentel 2018]:
<blockquote>''"The shortage of affordable rental homes is caused by market failure and chronic underfunding of solutions..."<br/> <br/> "Today’s modern phenomenon of homelessness did not exist in the late-1970s because our country housed almost everyone, including the lowest-income and most vulnerable families. At that time, our country had a modest surplus of homes affordable and available to the lowest income people. The primary difference between then and now: federal subsidies. Funding for affordable housing solutions has been declining for decades. '''Adjusting for inflation, the federal budget authority for housing assistance programs in the 1970s was nearly three times more than it is today''',''<sup>18</sup>''despite the significant growth in the number of low-income renters eligible for housing assistance (see figure 3).<sup>19</sup>"''</blockquote> ▼
<br/> Figure 3 from Yentel's testimony is below: ▼
▲<blockquote>''"Today’s modern phenomenon of homelessness did not exist in the late-1970s because our country housed almost everyone, including the lowest-income and most vulnerable families. At that time, our country had a modest surplus of homes affordable and available to the lowest income people. The primary difference between then and now: federal subsidies. Funding for affordable housing solutions has been declining for decades. '''Adjusting for inflation, the federal budget authority for housing assistance programs in the 1970s was nearly three times more than it is today''',''<sup>18</sup>''despite the significant growth in the number of low-income renters eligible for housing assistance (see figure 3).<sup>19</sup>"''</blockquote>
▲Figure 3 from Yentel's testimony is below:
[[File:HUD-Budget-Authority-1977-2017-from-Yentel-2018.png|thumb|left|800px|HUD Budget Authority 1977-2017, from Yentel 2018]]
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@MKushel Margot Kushel Jul 23, 2019<br/> Living in encampments is NOT a choice but a sx of our collective choices. (Fed $s for affordable housing ⬇️ by >50% since 1980). Eric Tars @NLCHPhomeless #NAEH2019
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