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Americans re-invent public housing
(www.npr.org)
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this post was submitted on 11 Oct 2024
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traingang
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Atlanta just closed the first deal with its new housing production fund; it’s actually a private project, though a local official says they hope to eventually finance publicly owned housing.Other places that have considered or taken up the idea — sometimes called social housing, as it’s referred to in Europe — include New York and Massachusetts, as well as Chicago and Chattanooga, Tenn.
It has to be federally funded for it to work everywhere, local Governments are so financially constrained. But I suppose funding genocide is more important.
It definitely does not have to be federally-funded. Lots of West Coast cities, in the US, are beyond flush, and mixed-income housing is a good investment, especially when you, as a government, have various advantages over private businesses (no property tax, reduced borrowing rate, and streamlined permitting).
Portland, Oregon's homeless services budget was $35m last year and none of it went to new public housing.