Process
Status Items Output None Questions None Claims None Highlights Done See section below
Highlights
id808476611
The Section 8 program took money that once went into public sector housing programs and gave it to private sector landlords. The Low-Income Housing Tax Credit goes even further by giving free money to private developers to build housing while starving public developers. And the tax credit program only requires that private sector housing be temporarily affordable. As a result, all fifty states have these huge inventories of housing paid for by the taxpayers with affordability requirements that will expire in the future. Then those private owners are completely free to raise rents to market rate, to evict all the existing low-income tenants, and then to sell the buildings for a market price. That is a windfall profit.
✏️ What happens when you put basic needs in the hands of corporations and private capital. 🔗 View Highlight
id808477058
in Singapore that 80 percent of the population lives in public housing, where it is not stigmatized, it is well-maintained, and it is constantly upgraded. When you see a program that works so incredibly well, it completely changes your view of the housing problem.
👓 hope 🔗 View Highlight