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Should Fannie and Freddie Fund Housing for the Poor?

BIZCATALYST 360°
BY BIZCATALYST 360°

Developer Nora Lichtash wants to turn a weed-covered lot in Philadelphia’s working-class Port Richmond neighborhood into a block of rental homes affordable to families making less than $20,000 a year.

After three years of cobbling together loans and subsidies, Lichtash’s nonprofit group is still short of financing. She could try to tap a special federal fund meant to help provide housing for the poor — if there were any money in the account.

via Should Fannie and Freddie Fund Housing for the Poor? – Bloomberg.

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WE ARE THE AWARD-WINNING PUBLISHING DIVISION OF 360° NATION —PRESENTING OUR LIFE, CULTURE, AND BIZ MULTIMEDIA DIGEST AS A HUB OF CREATIVE EXPRESSION AND PERSONAL GROWTH. WITH AN EMPHASIS ON ACTION, OUR VAST GLOBAL CONTRIBUTOR COMMUNITY EMPOWERS PEOPLE TO TRANSITION FROM KNOWING WHAT TO DO TO ACTUALLY DOING IT —ALL COMPLEMENTED BY SYNDICATION RELATIONSHIPS WITH A CHOICE GROUP OF EQUALLY INNOVATIVE MEDIA OUTLETS. TODAY AND EVERY DAY, WE SIMPLY DELIVER THE VERY BEST INSIGHTS, INTELLIGENCE, AND INSPIRATION AVAILABLE ANYWHERE —DOING IT OUR WAY BY PLACING OUR WRITERS AND OUR AUDIENCE AT THE FOREFRONT. IT'S MAGICAL. IT'S EVERGREEN. AND QUITE FRANKLY, IT'S JUST GOOD STUFF. PERIOD.

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