Word: lowing
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Dates: during 1980-1989
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Coming after Bennett's divisive tenure, Cavazos represents a refreshing change for both legislators and educators. Four more years is the very least that this pragmatic, low-key leader deserves...
...resolve the jazz flap, an administration--that so often is indifferent and seemingly impervious to change--acted quickly. Of course, the excitement resulting from the resolution of the problem is testimony to the low expectations most Harvard students have come to have toward the administration. Hopefully, the University will use this action as an example for quickly resolving future mix-ups and responding to students concerns...
Meanwhile, 2.5 million units of low-income housing have disappeared since 1980 through a brutal combination of market forces and government indifference. Tenements that housed the disadvantaged have been razed or renovated to make way for pricey apartments and high-rise office buildings. According to a 1986 congressional report, in the past decade the nation has lost half its single-room-occupancy hotels, long the housing of last resort for the poor. In New York City, tax-abatement policies of the early 1980s encouraged private developers to turn SRO buildings into luxury condominiums. The number of New York apartments renting...
...matter who the next President is, the homeless crisis is likely to get worse. An additional 200,000 units of low-income housing could disappear over the next five years as loans expire from a tax-break program of the 1960s and '70s. The Federal Government had encouraged private developers to build low-income housing by offering to subsidize 40-year mortgages on the buildings. Now many owners are taking advantage of an option to pay off the mortgages after 20 years, freeing them to sell or rent the apartments at the prevailing market price. The result could be hundreds...
...Reagan Administration's approach to housing was another version of the supply-side experiment: instead of subsidizing low-cost construction, as Washington had done since the 1930s, the Reaganites decided to subsidize tenants. Give cash vouchers directly to the poor to help them pay their rent, went the theory, and the market would respond by supplying more housing. Vouchers have had some success in the Southwest, where prices are depressed and vacancy rates relatively high. But in much of the country, as housing prices have increased by 43% in the past eight years, voucher recipients have been unable to find...