ABSTRACT
In this chapter, the author considers construction subsidies, allowances and the taxation of rental property and income. As already mentioned only in Britain was no attempt made after the war to stimulate the production of private rental housing with subsidies. The main subsidies for private rental construction were via tax reliefs and the savings premia. In 1968 the subsidies for the two parts of the rental sector were brought into line. Social housing loans were now only available from the market at market rates and the scheme of decreasing annual subsidies was applied across the board. Eventually, pending the development of housing allowances the Nixon administration introduced what became the major programme for the provision of new and rehabilitated low and moderate income rental housing. Subsidy payments were available to owners of existing and new/rehabilitated housing.
