Reforming private housing finance: Evaluating the achievements of the Clinton administration

MacDonald, H

Reforming private housing finance: Evaluating the achievements of the Clinton administration

MacDonald, H

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Publication Type:: Journal Article
Citation:: Housing Studies, 2005, 20 (4), pp. 665 - 678
Issue Date:: 2005-07-01

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Field	Value	Language
dc.contributor.author	MacDonald, H https://orcid.org/0000-0003-2105-5919	en_US
dc.date.issued	2005-07-01	en_US
dc.identifier.citation	Housing Studies, 2005, 20 (4), pp. 665 - 678	en_US
dc.identifier.issn	0267-3037	en_US
dc.identifier.uri	http://hdl.handle.net/10453/9826
dc.description.abstract	The financial infrastructure of guarantees, insurance and regulation that underpins US housing markets is an important federal policy tool. Historically, housing policy in the US has relied much more heavily on regulating private market actors to achieve public goals, than it has on direct expenditures. But the commonalities between the US and restructured welfare states such as the UK and Canada have become more striking in recent decades. Similar dilemmas face policy makers in many settings: if homeownership is to be the centerpiece of housing policy, how do we ensure it is affordable and sustainable for those once served by a larger social housing sector? If direct expenditures are to be cut back, with what do we replace them? The story of the Clinton administration's efforts to reform the US financial infrastructure illustrates how these dilemmas have been addressed (although obviously not resolved) in a specific instance. © 2005 Taylor & Francis Group Ltd.	en_US
dc.relation.ispartof	Housing Studies	en_US
dc.relation.isbasedon	10.1080/02673030500114672	en_US
dc.subject.classification	Urban & Regional Planning	en_US
dc.title	Reforming private housing finance: Evaluating the achievements of the Clinton administration	en_US
dc.type	Journal Article
utslib.citation.volume	4	en_US
utslib.citation.volume	20	en_US
utslib.for	120503 Housing Markets, Development, Management	en_US
utslib.for	1205 Urban and Regional Planning	en_US
utslib.for	1402 Applied Economics	en_US
utslib.for	1604 Human Geography	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/e-Press
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Strength - CCDP - Contemporary Design Practice
utslib.copyright.status	closed_access
pubs.issue	4	en_US
pubs.publication-status	Published	en_US
pubs.volume	20	en_US

Abstract:

The financial infrastructure of guarantees, insurance and regulation that underpins US housing markets is an important federal policy tool. Historically, housing policy in the US has relied much more heavily on regulating private market actors to achieve public goals, than it has on direct expenditures. But the commonalities between the US and restructured welfare states such as the UK and Canada have become more striking in recent decades. Similar dilemmas face policy makers in many settings: if homeownership is to be the centerpiece of housing policy, how do we ensure it is affordable and sustainable for those once served by a larger social housing sector? If direct expenditures are to be cut back, with what do we replace them? The story of the Clinton administration's efforts to reform the US financial infrastructure illustrates how these dilemmas have been addressed (although obviously not resolved) in a specific instance. © 2005 Taylor & Francis Group Ltd.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/9826