ABSTRACT
Th e federal government, as discussed in the previous chapters, has provided very little direct funding in the past quarter century for the development of new rental housing for low-income households; it has focused instead on rental vouchers, block grants, tax credits, and the preservation of existing subsidized housing developments. A key exception in this regard consists of housing built for low-income people with disabilities and other special needs. Apart from the Low-Income Housing Tax Credit and the Section 515 program for rural housing, the only project-based subsidy programs that continue to fund new rental housing focus on the elderly, persons with severe mental illness or AIDS, and the homeless.
