HUD could also purchase existing houses in existing neighborhoods, and turn them into low income, subsidized housing.
How would you like to wake up one morning and find one of these next door.
HUD could also purchase existing houses in existing neighborhoods, and turn them into low income, subsidized housing.
How would you like to wake up one morning and find one of these next door.
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I am totally against this policy, 100%. If they go forward, one thing should be made available to homeowners..
If I own a home of X value and HUD builds a ghetto slum next to my home and the value of my home goes down when I try to sell it, HUD has to pay the difference. I know,,lots of variables in there,,but the intent is that if HUD is going to purposefully depress neighborhoods, they should be held responsible for the financial loss of the homeowners. Lord knows they’ll be taking credit for any neighborhood successes. Just a thought
I think they are providing large subsidies for rent in certain suburban neighborhoods. This has the same effect as you describe.