p> Upon entering office, President Reagan cited national housing shortages and housing blight as evidence of what he termed as the failure of past federal social programs (Congres sional Quarterly, 1986). He said further that the policy of his administration would be to (1) reduce the federal role in solving housing problems, while (2) increasing incentives for private sector entities to provide solutions to these problems.
The President was effective in persuading Congress to accept substantial reductions in federal housing programs (Con gressional Quarterly, 1986). Reagan's sharpest cuts in federal housing funding were in the area of housing subsidies, "parti cularly for programs to construct housing for th
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