A: No, they do not. Market-rate developers are business people. They charge as much as the market will bear. When housing prices go up . . .
The HOPE SF program is aiming to explicitly avoid many of the problems mixed-income public housing redevelopments have faced, to create a truly inclusive process.
For first-time homebuyers with good credit, stable employment, and savings for a down payment, buying a home is more affordable than it has been in decades. For everyone else, however, lower home prices have been a disaster.
The National Alliance of HUD Tenants weighs the merits and drawbacks of the PETRA proposal.
The history of well-intentioned housing plans from HUD and Congress has public housing residents across the country scared to death that they could lose their homes through PETRA.