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where C=A=$3900, B=.22, X=Y=.06, and D-$963. D* $9763. Then $9763 = 10858q + 4376(1-q), and q=.831. 16. It is also clear that increasing the percentage of tenant income which goes for rent provides no easy solution. The average tenant would have to pay over 45 percent of income in order to eliminate the estimated underfunding (22 percent of $9006 . $4376. 17. In FY 1977, $4734 `. $63652 = 7.47 percent. In FY 1980, ($4734 (1.10)3) $63652 = 9.9 percent. Data source: Table 3. 18. Irving Welfeld, That 'Housing Problem'-The American vs. The European Experience, The Public Interest, Number 27 (Spring 1972): 78-95. 19. As in Public Housing, Section 236 and 235, and Section 8-New Construction. The tandem plans are periodic exceptions, as are the indirect subsidies provided through the tax system.
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