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15 Id. 16 The federal government does provide direct rent subsidies to approximately 4,870,000 low-income renter households, but this serves only 23.8% of the income-eligible households. Joint Center for Housing Studies of Harvard University, America's Rental Housing (2013), 7, 35. In 2014, Congress appropriated $44,326,000,000 for direct rental subsidy programs through the Department of Agricultural and the Department of Housing and Urban Development. Low Income Housing Coalition, FY 15 Budget Chart for Selected HUD and USDA programs. In addition, The Low Income Housing Tax Credit, a federal tax expenditure, provides approximately 2,000,000 affordable units to low-income renter households each year.

The author expresses appreciation to the following persons: Lindsay Dates and Fred LeBaron for research assistance; John Nowak and Michael Zimmer for commenting on drafts; and Andrew DeYoe and Christine Heaton for production assistance.

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