Research

Published Research

Does HUD Overpay for Voucher Units, and Will SAFMRs Reduce the Overpayment?

Authors: Edgar O. Olsen

One argument for Small Area Fair Market Rents (SAFMRs) is that they would reduce overpayment for voucher units in low-rent neighborhoods. This article provides a more comprehensive theoretical analysis that leads to the conclusion that the worst voucher units and those in the worst neighborhoods will usually rent for more than the mean market rent of identical units, and the best units in the best neighborhoods will rent for less than this amount.

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Published Research

Geographic Price Variation, Housing Assistance, and Poverty

Authors: Edgar O. Olsen, Dirk W. Early, Philip N. Jefferson (ed)

Two important shortcomings of the official measure of poverty are its failure to account for noncash benefits (including the benefits of low-income housing programs) when calculating resources and differences in the cost-of-living across geographic areas when setting poverty thresholds. Alternative estimates of poverty rates that account for the variation in the cost-of-living across areas when setting thresholds and the value of rental housing subsidies when measuring household resources have been produced.

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