Abstract
: A crisis of housing affordability confronts US Cities. The authors outline a plan for federal investment for cities. Specific proposals include creation of a National Housing Investment Corporation to provide equity for homeowner ship project development: new laws to encourage pension fund investment in urban housing and to encourage employer-assisted housing, enhanced rental production programs for neighborhood-based nonprofit corporations, a national homelessness prevention law, a new transitional housing program for the homeless, and “housing with needed services” programs for the elderly, handicapped, and homeless. The authors outline how urban governments can better enforce property maintenance codes, take over abandoned property, adopt planning processes that enhance housing affordability, encourage historic preservation, and invest additional city funds in housing.
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