The sub-prime crisis put a spotlight on homeowners -- but renters have suffered from declining housing stock and slashed federal supports.
Monica PottsJan 28, 2010
Editors' Note: This piece has been corrected.
In the 1990s, federal homeownership policy shifted from making homeownership available to the middle class to subsidizing homeownership for almost everyone. In the process, renters were implicitly denigrated and federal spending allocated to support them fell. The push for homeownership began under President Bill Clinton and reached a crescendo under President George W. Bush and his ownership society. Bush's Department of Housing and Urban Development ostensibly continued Clinton-era goals for homeownership, with an added emphasis on closing the racial gap.