Is The City Prepared To Run Public Housing?
July 7th, 2008 by 
admin
Last year, the San Diego housing officials got a surprise, and it was not about managing San Diego foreclosure homes; it was about managing the few hundred rental units in the city. Yes! San Diego has the freedom to withdraw from the public housing program run by the federal government. The truth is that San Diego City has a much bigger problem on its hands, bigger than auctioning San Diego cheap homes. It is suddenly face-to-face with the financial burden of managing these rentals.
According to recent news, the advocates for affordable-housing have given a warning to the San Diego City Council stating that the proposed business strategy by Housing Commission might lead to a spend of less dollars on the needy households of the city. The San Diego City Council has approved the plan but at the same time, it has instructed their commission to bear in mind the obligation it has towards specific households who are unable to afford high cost of housing.
Tom Scott, executive director of the San Diego Housing Federation said, “Our concern was that the commission would charge rents all the way up to market rate regardless of what income the commission would need.” He also mentioned that the rents for the public housing units will see an increase, but it will not be as high as proclaimed earlier. This decision has also been made keeping in mind the fact that there is an increase in the San Diego bank owned homes due to foreclosure and so more and more people need homes on rent.
One of the important aspects of this financial strategy is the proposal for creating 350 new affordable dwellings for low-income households or those who annual median income is around 63,200 for a family of four people. The only thing that needs to be seen is whether the city can manage all this as the number of homes in San Diego foreclosure listings keep on increasing.
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