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President Nixon and his Section 8 program housing subsidies Section 8 is a Conservative GOP Program Section 8 Housing Subsidies are a Conservative GOP Program President Nixon and his Section 8 program housing subsidies
Sick of the right wing bullshit about subsidies, socialism, social programs all blamed on Democrats and liberals?
In 1974, under President Nixon, the Section 8 program was created with two distinct parts. The first involved a major housing-allowance type program, which provided households with the difference between what they could afford, based on their paying 25 percent of household income (changed to 30 percent in 1981), and the Fair Market Rent for an apartment in their area. The second component of Section 8 continued the project-based subsidy approach and improved upon these earlier programs by fostering good design and a financing mechanism that allowed for adequate operating subsidies. Most of these contracts with developers were for twenty-year terms.
From 1974 to 1983 (when it was phased out), the project-based development part of Section 8 – the New Construction and Substantial Rehabilitation programs – produced about 1 million units of housing; the certificate/voucher part of Section 8 currently is providing rental assistance to about 1.5 million households. Despite the enactment of the Section 8 production programs, by the early 1970s the old style of housing assistance, which involved providing large federal subsidies to write-down the capital costs of producing housing, were quickly becoming a thing of the past. A Withering Commitment (Section 8, history of federal housing policy)