Public Housing

There was no single, dramatic event that set the current financial crisis off. A whole series of very questionable decisions by many people, in many places, over a period of years, built up the pressures that led to a sudden collapse of the housing market and of financial institutions that began to fall like dominoes as a result of investing in securities based on housing prices. This book is designed to unravel the tangled threads of that story.

As the US struggles to provide affordable housing, millions of Americans live in deteriorating public housing projects, enduring the mistakes of past housing policy. In The Projects, Howard A. Husock explains how we got here, detailing the tragic rise and fall of public housing and the pitfalls of other subsidy programs. He takes us inside a progressive movement led by a group of New York City philanthropists, politicians, and business magnates who first championed public housing as a solution to urban blight.