Date: December 5th, 2006

Public housing’s dependency trap: Part 2, the lawsuit

5 December, 2006 (09:25) | Uncategorized |

[Continued from yesterday’s Part 1.]
Yesterday we saw that public housing’s real estate is placed into a dependent position, with structural negative NOI as a consequence of its rent structure, and a complete inability to finance its capital requirements.  That system means that the larger-body funder (here, the state) has a moral duty to cover […]