Federal subsidized housing operates through several programs:
- Public housing (HUD-owned, ~1M units): aging stock with $70B+ in deferred maintenance.
- Housing Choice Vouchers / Section 8 (~2.3M households): tenants pay ~30% of income, federal subsidy makes up the difference. Long waitlists in most metros.
- Low-Income Housing Tax Credit (LIHTC): subsidizes new construction and rehabilitation through tax credits to private developers.
- Project-based rental assistance, USDA rural housing, others.
Demand vastly exceeds supply: only ~25% of eligible households receive any federal housing assistance.
Reforms debated include voucher expansion (some proposals universal entitlement), Faircloth Amendment repeal (lifting cap on public-housing units), LIHTC expansion, source-of-income discrimination bans, and "small-area" voucher reforms to broaden access to opportunity neighborhoods.