Report: Federal Government Spent Nearly $250 Billion on Housing Sector Subsidies in 2009

Publication: The Hill

Author: Vicki Needham


04/01/2011 - Federal spending on the housing sector increased in 2009 as multiple programs were funded to address the problems in the market created by the 2008 financial crisis, according to an analysis by Pew Charitable Trusts.

The federal government spent $244 billion on housing-related grants and tax expenditures likely to contain subsidies in fiscal year 2009, or about $2,085 per household, the majority focused on homeownership rather than rentals, according to Pew's project Subsidyscope, which includes about 10 years of information on subsidies in housing, transportation, energy, health and the financial bailout.

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Read the article Report: Federal Government Spent Nearly $250 Billion on Housing Sector Subsidies in 2009 in its entirety on The Hill Web site.

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