Tag: federal housing subsidies

Mortgage interest deduction creates suburban sprawl

Mortgage interest deduction creates suburban sprawl

May 31, 2013 | 0 Comments

Although federal housing subsidies like the Mortgage Interest Deduction (MID) are offered to provide affordable housing and stabilize communities, they end up creating sprawling suburban areas rather than benefiting the densely populated, high-growth inner city areas. This happens because more subsidies are given to single-family houses (which usually belong to richer people), rather than to […]

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