NYT | K Johnson
Outsourcing development to the private market leaves affordable housing subject to the boom-and-bust cycle of private investment. What’s more, the federal government relinquishes the oversight needed to protect tenants from abusive landlords and racial discrimination. The result is a housing market where corporate landlords make record profits while half of America’s 44 million renters struggle to pay rent. For a generation of young people, the idea of home has become loaded with anxiety; too many know they can’t find an affordable, stable place to rent, let alone buy.