An Efficient Method of Improving the Housing of Low Income Families.

by Edgar O. Olsen

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The author presents, in some detail, a rent certificate plan for a city designed to increase the quantity of housing consumed by low income families. This plan permits a set of families to purchase rent certificates for an amount less than the face value of the certificate. Sellers of housing service may redeem these certificates at face from the city government. The basic parameters of a rent certificate plan are (1) who will be eligible for rent certificates, (2) the face value of the certificate, and (3) the amount each person must pay to receive his certificate. The effects of changes in these parameters on the cost to the government, the number of families who will participate, and the extent of the improvement in their housing are deduced. The rent certificate plan is made more specific by a numerical example. The author suggests some research pertinent to predicting effects of a rent certificate program.

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