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Private Unit Proposes Billion Dollar Low Income Housing Scheme
National Housing Partnership unites Edgar Kaiser David Rockefeller George Meany and major organizations to turn 50 million in private investment into nearly 2 billion in 120000 low income housing units via a partnership model plus a pass through tax deduction. Local partners banks corporations unions nonprofits would fund three quarters of capital with the national group providing 25 percent. HUD sees 17 to 20 percent returns and the plan aims to accelerate urban housing reform.
MENTIONED IN THIS ARTICLE
New York Times News Service
Washington
Edgar F. Kaiser
David Rockefeller
George Meany
Congress of the United States
National Housing Partnership
Congress
Securities and Exchange Commission
Commission
National Partnership
Robert C. Wood
Department of Housing and Urban Development
HUD
Argentina
Richard C. van Dusen
Wood