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Podcast: Cascade CounterPoint
Episode: Providing Homes Oregon Families Can Afford Should Not Be a Problem
Description: This month, Cascade Policy Institute is releasing a new report explaining why government-mandated “affordable housing” doesn’t actually make housing more affordable.
In The Affordable Housing Scam, author Randal O’Toole writes that while “U.S. taxpayers spend tens of billions of dollars a year subsidizing housing for low-income households,” those units cost “about 20 percent more per square foot than unsubsidized homes.” Developers, not low-income households, capture most of the benefits of taxpayer-funded subsidies. O’Toole recommends that “[i]nstead of wasting money on high-cost housing, project-based affordable housing funds should be abandoned in favor of tenant-based voucher subsidies.”<...