Affordable Housing Archive

WOODFRAME multi-family housing an endangered species

And small owners are biting the dust, too Housing built of wood has always served America’s newly arriving families and America’s poor. Wood is plentiful, cheap. The first settlers met a land of forests and, of course, built their homes of wood. Later, waves of European immigrants built millions of multi-family homes, all out of [&hellip

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‘Affordable housing’ at core of historic financial meltdown

A long history of subprime lending We have always been suspicious of “affordable housing,” rented or owned housing that is made available, through government assistance or regulation, to people with incomes not sufficient to cover the real costs of the housing. As we delve deeper into the current financial crisis, we discover that government-sponsored “affordable [&hellip

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The great housing experiment that failed

Tearing down the housing projects, mixing poor with rich has not worked.   Crime is up, not down All across the country starting in the 1990s, housing project after housing project was torn down and its poor residents sent out on their own with Section 8 vouchers. The idea was to end the concentration of [&hellip

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How a rent escrow law would improve the supply of low-income housing

Nonpayment of rent is clearly a more frequent problem among poor people. Their lower income also limits how much rent they can pay. So lower-income neighborhoods have lower rents to start with and more problems with tenants being able to pay even those lower rents. This situation creates a serious restriction on the rental income [&hellip

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In defense of ‘substandard’ housing

Housing ages naturally. As property owners know, it is a constant job just to maintain housing in good repair. Meanwhile, the government sets ever higher standards in its codes, effectively making older housing illegal. On top of this, government regulation allows rent withholding without escrowing, which regularly deprives moderate- and lower-income housing in particular of [&hellip

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