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The Fourth Trend in Supply Side Subsidy Policy
Shifting housing production was the third change and we've kind of already talked about this in the context of supply side versus demand side subsidies. Vienna has such a higher share of its housing subsidies going toward actually building housing and housing that the market just would not build by itself because it couldn't earn a profit at the rents that are being charged. The fourth trend though is when I think we talk less about this is residualization and that's the shift in policy away from programs with maybe broad eligibility requirements and toward those that are much narrower and usually only for lower income households.