Imagine that. From the link: Like the shift from 40-year mortgage subsidies to 15- year housing certificates, the shift from the certificates to 5-year vouche

Imagine that. From the link: Like the shift from 40-year mortgage subsidies to 15- year housing certificates, the shift from the certificates to 5-year vouchers enabled Congress to reduce HUD's budget authorizations. Such reductions have created the mistaken impression that federal housing assistance has been cut. In fact, annual outlays increased from $5.7 billion in 1980 to $13.8 billion in 1988. The number of families being served by HUD housing programs rose from 3.1 million in 1980 to 4.2 million in 1988. Moreover, a housing voucher costs the government only about $4,500 a year, whereas a new unit of public housing costs it $9,000 a year. I guess mistaken impressions are still common on the internet.