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Public housing in Philadelphia is a significant portion of the overall housing stock in Philadelphia. Most public housing is operated by the Philadelphia Housing Authority . On average, a Philadelphia public housing development is 69% African American, 26% Hispanic, and 5% White and other.
New York City has a shortage of affordable housing resulting in overcrowding and homelessness. New York City attracts thousands of new residents each year and housing prices continue to climb. Finding affordable housing affects a large portion of the city's population including low-income, moderate-income, and even median income families. [62]
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
Studies show that low-income residents are more heavily impacted by rising rents. Nationally, between 2000 and 2017, the percentage of income that Americans without a college degree spent on rent ...
Housing subsidies are government funded financial assistance programs designed to mitigate the costs of housing for low-income tenants. Subsidies can be provided in the form of housing vouchers given to tenants, e.g. Section 8 (Housing), or via direct deposits to landlords with government contracts to provide affordable housing.
While housing equity drove increases in wealth for Black Americans from 2019 to 2022, only 44 percent of Black people own a home. And the wealth gap just keeps getting wider.
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