Suchergebnisse

Under the Reagan administration's "decentralized federalism," federal expenditures for low-income housing increased only modestly, while budget authorization for future housing fell dramatically, & subsidies shifted from primarily new construction to tenant aid. The more centralized position advocated by Congress during the 1980s was the loser in the budget battle, but Congress was able to create new resources for low-income housing through indirect means, one of which was the Financial Institutions Reform, Recovery, & Enforcement Act of 1989 (FIRRE). The primary purpose of FIRRE was to protect the thrift industry by covering the costs of failing savings & loan associations, but in the process, FIRRE was able to create the resources for funding three new housing programs. The ultimate success of the FIRRE programs will depend largely on the ability of the low-income housing delivery system to make efficient use of these new housing resources. 1 Table. Adapted from the source document.

"A-69." ; Prepared by J. P. Ross, with the assistance of S. E. Calkins and R. J. Reeder ; Bibliography: p. 49-50 ; Mode of access: Internet.

Issued Dec. 1978. ; "A Commission report." ; "A-69." ; Bibliography: p. 49-50. ; Mode of access: Internet.