Research has attributed many economic and social costs and benefits to housing. This study assesses one very targeted component of this complex issue--the fiscal costs and benefits of the housing subsidies that currently exist in the U.S. income tax system and the impact of several alternatives. This analysis was commissioned by the Pew Fiscal Analysis Initiative and Subsidyscope—projects designed to inform the policy debate with non-partisan facts and analysis. Pew has no position on this issue.
