Housing is central to community and individual well-being. The type and location of a home can affect almost every aspect of a person’s life.
Natural disasters, public health emergencies, and other crises can wreak havoc on the nation’s housing system.
One indicator of sensible fiscal practices is maintaining balance between spending and revenues. Occasional deficits may be necessary.
Policymakers should take steps to foster housing stability during declared emergencies. Among the temporary measures they should consider are:
Government budgets reflect the priorities of policymakers. They specify what programs and activities the government will support and how to raise the money needed to fund them.