Federal public housing program tightens competition for financing

“The Melrose Terrace public housing development was full long before FEMA maps placed it squarely in a special flood hazard area. Its 80 or more elderly and disabled residents were accustomed to evacuations long before and long after President Bill Clinton issued a presidential order that no critical population shall be housed in a flood zone using federal money… Since 1937, housing agencies…traditionally have relied on the U.S. Department of Housing and Urban Development for the vast majority of their public housing funding. But a new test program would lead them to the world of private equity…” Link to Full VTDigger.org Article  View PDF of Full VTDigger Article

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