Maria Foscarinis

Future Hindsight · Mar 9, 2019 · 24m

The housing crisis started with a policy decision

The leading cause was cutbacks to federal funding for housing for poor people starting with the Reagan administration. In 1978, the federal government was funding about over 300,000 new units of affordable housing each year. In 1983, that number had decreased to under 3,000 each year. Currently, only one in four poor people who qualify for federal housing assistance actually receives it. Working men and women who do not earn enough to pay for housing, such as minimum wage workers, cannot afford housing based on affordability guidelines set by…