10.2190/1CX5-LQXE-WV0U-J8GE 1CX5LQXEWV0UJ8GE 3 The Prospects for Meeting National Housing Goals 329 340 20020509 20020509 20020509 20020509 1CX5LQXEWV0UJ8GE.pdf http://baywood.metapress.com/link.asp?target=contribution&id=1CX5LQXEWV0UJ8GE 4 Edward Frank New York City Due to unique historical conditions, the housing industry's ability to maintain its share of the economy's output has been declining steadily, in the process depriving an increasing number of families, especially in the lower income levels, of access to housing. This has weakened the industry's position in competing for credit, manpower, and technological resources, and compelled the federal government to assume a progressively greater role in providing subsidies and other assistance to meet the demand for housing. The Housing Act of 1968, which called for the construction of 26 million dwelling units in a decade, is the latest phase in this trend. Although the necessary resources are projected to exist, an analysis of the housing industry's position in the economy and of its internal operations reveals that these will not be effectively mobilized in time to meet this target. In view of the evidence to date that existing programs and budgetary allocations have not satisfied the fundamental need for adequate and sustained funding, the concept of a housing trust fund to ensure a sufficient and predictable source of funds for lower income housing is receiving increasing study. <i>American Builder</i>, November 1968. <i>Architectural Record</i>, p. 131, October 1969. <i>Banking Journal</i>, p. 46, January 1969. Board of Urban Affairs statement, October 5, 1971. <i>Business Week</i>, p. 80, September 13, 1969. <i>Duns Report</i>, p. 12, August 1969. <i>The Economist</i>, p. 42, January 10, 1970; p. 43, March 28, 1970. <i>Engineering News Record</i>, p. 11, May 29, 1969; September 25, 1969. <i>Federal Reserve Bulletin</i>, p. 426, May 1969. <i>Financial World</i>, p. 6, February 4, 1970. First National City Bank Monthly Economic Letter, p. 125, November 1968; p. 140, December 1968; p. 80, July 1969. <i>Forbes</i>, p. 27, October 15, 1968. <i>Fortune</i>, p. 86, December 1969. <i>Housing Affairs Letter</i>, January 22, 1971. <i>The New York Times</i>, Section 3, p. 1, March 16, 1969; Section 8, p. 1, June 8, 1969; Section 8, p. 1, November 1,1970; p. 48, May 9,1971; p. 1, May 20, 1971. Report of the National Commission on Urban Problems, December 12, 1968. Report of the President's Committee on Urban Housing, 1967. Speech by Dr. Charles B. Reeder, Senior Associate Economist, E. I. du Pont de Nemours & Company, March 5, 1969. Speech by Stanley S. Surrey, Assistant Secretary of the Treasury, October 28, 1968.