The New York Times reports on the success of an experimental housing policy the federal government rolled out in Dallas. In short, the new program offers vouchers to people who qualify for housing subsidies. That’s not new. Here’s the new bit: if the person receiving the voucher wants to move to a more expensive neighborhood, the government will give that person more money.
The thought is that by helping families move into better neighborhoods, they will have a better chance of breaking the cycles of poverty that persist in poorer parts of town. Better schools, safer neighborhoods, short commutes: in the long run it all translates into lower costs for everyone, those receiving the subsidies and the government. So far, this strategy has been proven successful, even if the program is not perfect:Read More