
Could this New Approach to Public Housing Actually Work?
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Three Buckets of Government Support for Housing
Government support for housing can be categorized into three buckets: general subsidies for housing development including single family homes and large apartment buildings, completely subsidized housing for the homeless or through programs like section eight vouchers, and self-sustaining housing where the government covers costs by borrowing at lower rates, leveraging land assets, and having a patient investment window. While government risks losing money if not managed prudently, with disciplined management, it can provide affordable housing sustainably over time. This approach relies on competent local government rather than mere good intentions or funds allocation.
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