The idea of “transforming” housing predates Obama by a long shot and always fails.
The concept of poor and middle class and wealthy all living together just doesn’t work out.
Most folks who own their own homes don’t want to live next to Section 8 tenants and will avoid it if they can afford it.
Building brand new modern homes in the ghetto is a losing proposition and always will be. Here in Pittsburgh, they got a grant to build brand new homes on Beltzhoover near Industry St- with the idea of selling them for $130k each which was a subsidized price.
After 4 plus years, about 6 of the original 8 are unsold but now listed in the 40’s.
So you can buy a practically brand new home, never lived in, in Pittsburgh for less than $50k but you still would have to live in gangland.
There was a study done of the cost of one of “The Projects” in Buffalo, NY
For all the money they spent they could have given each PERSON who lived there a $200,000 house
(not each family, each person)
Central planning always fails. When will people learn?
The fraud in the HUD programs is enormous.