DOM-45     REDUCE FEDERAL RENT SUBSIDIES BY SHIFTING
           SOME COSTS TO THE STATES OR TENANTS

                                   Annual Savings                 Cumulative
                                (Millions of dollars)              Five-Year
Savings from         -----------------------------------------      Savings
CBO Baseline         1994     1995      1996     1997     1998
---------------------------------------------------------------------------

                          Reduce Section 8 Subsidies

Budget Authority       30       45        75      220       220        590

Outlays               210      440       700      990     1,300      3,650

                   Reduce Public Housing Operating Subsidies

Budget Authority      110      230       350      480       620      1,800

Outlays                50      160       280      410       540      1,450
---------------------------------------------------------------------------
