Thursday, November 13, 2014

Does HUD's privatization scheme mean the end of public housing?

"Launched in 2013, the RAD (Rental Assistance Demonstration) will hand over 60,000 units of public housing to private management by 2015. While that’s only a fraction of the nearly 1.2 million public housing units nationwide, RAD’s reach could soon expand: HUD Secretary Juli├ín Castro and participating developers are lobbying Congress to lift the cap set during the program’s initial phase and allow more conversions to private ownership, and HUD is requesting $10 million toward the expansion of the RAD."
The ideology of privatization is so entrenched in the neoliberal wing of the Democratic Party that they won't defend anything public anymore. It turns out in practice that these programs end up being disasters in many cases, but  by then the profit-takers are in the Bahamas and the rest of us are left to clean up the mess. We'll see how this RAD program works in practice.

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