This Sunday the SF Examiner had an article on the failing public housing
projects in SF and the lack of funds to fix the structural defects, remove mold
and upgrade plumbing electrical and heating systems.
I wrote a LTE about one method to fix public housing by turning it into private
ownership by the residents.
The SF Examiner agreed and published with affiliation.
Convert tenants to owners
Public housing families should take control of their buildings through
conversion to home ownership. Home ownership of Housing Authority units is
possible through partnerships of project families and private financial
lenders. Home ownership assures that housing project families have a stake in
the local community.
Capable residents could provide “sweat equity” to reduce repair and
construction costs, with on-the-job skills training programs. Private long-term
mortgages would set mortgage payments at current rental rates. Residents
purchasing could have property taxes abated to lessen the financial strain.
Family-oriented home ownership would attract corner groceries and other retail.
Home owners’ associations could hire private community police for neighborhood
Public housing home ownership would save billions of dollars in taxpayer-funded
housing support. It’s a win-win situation.
Ron Getty, Vice Chair, Libertarian Party, San Francisco
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