More than $10 billion in private financing has been invested in public housing thanks to the Rental Assistance Demonstration (RAD) program. But housing advocates say it comes at a cost, and there still isn’t enough oversight of the program.
Whether it’s the need to recapture some momentum in the 2018 election season, or the growing effect of the housing crisis on a wider range of people, the Democratic Party has proposed investing $70 billion in public housing.
The National Low Income Housing Coalition wants to be able to support PETRA, but has some concerns.
In written testimony submitted to the House Committee on Financial Services in May, excerpted here, a group of urban affairs academics argue that PETRA is nothing less than a formal divestment from public housing, worse than anything previous administrations have proposed.
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.