Hammering at Housing

Kudos for a private initiative that gets at a deep national problem - the shortage of affordable, decent housing for low-income Americans. Under the plan, drawn up by an alliance of four nonprofit organizations, 193,800 new housing units will be built over the next four years in communities across the US. The price tag: $13 billion.

That's small change by Uncle Sam's standards. But it's a huge commitment for these nonprofits. The groups involved bring broad experience to the project: the Local Initiatives Support Corporation (LISC), Habitat for Humanity, the Enterprise Foundation, and the National Neighborworks Network. That experience includes building know-how, financial acumen, and an understanding of how to engage future residents in the undertaking.

Paul Grogan, president of LISC, says the building initiative should prod government to rethink its own diminishing role in providing housing for the poor. LISC and other community-development nonprofits rely on such federal programs as the low-income housing tax credit. "It's time to stop kidding ourselves," Mr. Grogan said at a press conference unveiling the plan, "and finish the job of making affordable housing available to every American."

May this effort spawn others, private and public.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK