Housing Finance and Housing Policy in the United States: Legacies of the Reagan Era

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Abstract
Ronald Reagan's years as president of the United States have left a distinct imprint on the federal government: Domestic spending has been sharply constrained as discretionary programs have been cut and entitlements have been slowed by imposing restrictive eligibility criteria (U.S. Executive Office of the President, 1989a). In addition, the tax system has been restructured, and policy discussions invariably include the need for more state and local government involvement and for greater private sector participation. In no area of domestic spending have these changes been felt as severely as in low-income housing. The new Republican president, George Bush, ...

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