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It would also stimulate construction and create jobs.
The government has also been providing free land to developers to stimulate construction.
Austria has operated limited profit housing associations and given public subsidies to brick and mortar producers to stimulate construction.
One reason is that the company received tax abatements under a program originally meant to stimulate construction of affordable housing.
While the economists are probably right that eliminating price controls would stimulate construction, it's doubtful that much of this would be decent, affordable housing for the working class.
The City Council and the Bloomberg administration have set aside $6 million to stimulate construction of below-market-rate housing along Fourth Avenue.
Similar(42)
Low interest rates have also stimulated construction of apartment buildings, even though demand for apartments has tapered off.
The tax credit was allowed to expire on Dec. 31, 2011, but not before it had stimulated construction of ethanol plants.
Mr Shapps thinks that the coalition's approach, based on local autonomy and a "New Homes Bonus"—under which the government will reward councils for building houses is already stimulating construction, even though it has yet to be implemented.
Stimulating construction, Burgos argues, will be the first step toward rescuing these cities' homeowners and their economies.
The University of Pennsylvania's Moore School of Electrical Engineering launches a summer school on computing that stimulated construction of stored-program computers at universities and research institutions.
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