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Housing Policy Could Fight Poverty Without New Spending

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A new brief from the Urban Institute argues that new Housing and Urban Development (HUD) Secretary Ben Carson could immediately start reducing poverty and spending government funds more efficiently by expanding homeownership vouchers. By shifting money from rental vouchers to homeownership vouchers, HUD would spend less money per voucher and encourage low-income families to move to lower-poverty areas, according to the brief. The author argues that in Baltimore, for example, an average homeownership voucher would cost the government about $9,000 less per year but would still be available to most low-income people.

Read the full report here.

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