Advisory Center for Affordable Settlements & Housing

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Document Type General
Publish Date 31/03/2016
Author
Published By Harvard College
Edited By Arslan Hassan
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TO PRESERVE AFFORDABLE HOUSING IN THE UNITED STATES

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Document Type: General
Publish Date: March 2016
Primary Author: Alexander von Hoffman
Edited By: Arsalan Hasan
Published By: Harvard College

Starting in the 1960s, the United States government embarked on a new approach to providing rental housing to low-income people. Federal policy shifted from public housing to public-private arrangements in which private companies, both nonprofit and for-profit enterprises would build and manage social welfare housing. The public-private housing programs created in the 1960s and 1970s were highly productive but many of the housing projects, buffeted by bad underwriting, weak management, and economic hard times, deteriorated badly. In response housing advocates produced programs and procedures to rescue troubled projects by buttressing their finances or conveying them to responsible parties.

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