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Housing Sector Launched

By The Pew Charitable Trusts and Sunlight Foundation

Subsidyscope finds that the federal role in the American housing market is larger than any sector studied thus far, including the transportation, nonprofit and energy sectors. In FY2009, the government spent $244 billion on housing-related grants and tax expenditures. This is an average of about $2,085 dollars per household.<br/><br/> The data also show that the government provides significant support for the housing sector through loan guarantees. In fiscal year 2009, federal agencies backed about $688 billion in loans for single- or multi-family homes. These estimates do not include direct housing loans or the substantial liabilities the government assumed when it took over Fannie Mae and Freddie Mac. <a href="/housing/summary/">Read more &raquo;</a>

Full post as published by Subsidyscope on March 30, 2011 (boomark / email).