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Even if the government awards the maximum subsidy of $8,800 to buyers, that is a hefty premium.
It exploits changes to housing benefit in 1996 and 1997 that reduced the maximum subsidy payable.
The maximum subsidy offered by the government was taken to be the NPV of the carbon sequestration achieved by afforestation.
As the program has progressed, H.D.C. officials say, building costs have increased, obliging the agency to raise the maximum subsidy per apartment allowable under the program.
However, landlords are not compelled to participate in the program and the maximum subsidy is $2,000/month, both of which limit choices.
Republicans had sought even higher cuts but a two-year tussle with Democrats was brought to an end after a compromise was agreed that also included increasing a cap for the maximum subsidy payments that can be awarded to individual farmers from $50,000 to $125,000.
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Within the new housing component, a voucher known as the 'Bono para Vivienda Urbana Nueva' financed up to 75% of the value of the new construction, with a maximum subsidy of US$1,800.
Land terracing costs, which represent 34% of the total costs for a new terraced vineyard, is the operation which receives the maximum EU subsidy.
Though grievous inequities remain -- one-fifth of the farmers get four-fifths of the money -- the Senate version would limit the maximum annual subsidy to $275,000 per farmer, half the amount the biggest farmers would receive in the House bill.
The maximum allowable subsidy per unit (normally taking the form of a very-low-interest loan) was $20,000 a unit when the program started; it now has been raised to $40,000 a unit.
The maximum public subsidy for a city council race was $88,550 in 2009, and it will rise in 2013.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com