Word: lowe
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...private real estate industry also has a role to play, although it must be carefully defined and neither exaggerated non underrated. The primary incentive of business is return on investment--and the cost constraints inherent in the provision of low and moderate-income housing do not leave much room for profit. What the real estate industry can do is to build housing units, because developers and contractors have done it over and over again, and have expertise at it. The industry also has access to private mortgage money, which is required because there simply is not enough public money...
...City government's role in housing is complex, but one element of it emerges clearly. The most direct way we can insure an adequate supply of housing at reasonable cost is to produce one. We must stop talking about "low-cost" housing, at least in the short range; there simply is no such thing, given the high costs of land, labor, materials and mortgage financing. What we can prouce is housing for for low and moderate income families. The only way we have to do that, at present, is to build housing whose cost to those who live...
...move quickly and effectively than we have been. We must not build more institutional "projects," isolated from the rest of the community, no matter how hard that is to do under restrictive Federal cost and design regulations. We must stop talking about the need for more housing for low-income families, but objecting when a site in our own neighborhood is proposed. The Council and the Authority must respond promptly and positively to proposals put before them. We have not yet been able to meet the housing must go beyond that difficult task to the even more challenging problem...
Meeting that challenge will take more creativity and boldness than we have used. We should create opportunities for home ownership for low-income families, who can build up equity in apartments they occupy as purchasers rather than as tenants. We must shape the physical design and administrative procedures of public housing to make that possible. We should shift our thinking about management responsibilities to provide for cooperative management or even ownership of publicly-subsidized housing by tenants. We should be wiling to test new methods of producing techniques, scattered-site development, the "turnkey" method of housing built more quickly...
...besides willingness to participate in programs which provide a guaranteed, and reasonable, rate of return. We will expect, and require, of any developer who needs the cooperation of the City in building Federally supported housing, that a substantial number of the units to be built be made available to low income families through either rent supplements or leasing to the Housing Auhtority. To make that possible, cost of building in the first place must be limited, since there are cost constraints in both subsidy programs. Builders of housing which will rent at full market levels must understand, while the City...