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HUD Faces Cost and Management Woes in Subsidized Housing
Federal housing officials warn that cost underestimates and weak management threaten the Section 236 program. Projects run red, rent hikes loom, and investors may abandon buildings after tax shelters expire, risking 3,132 subsidized units for low and moderate income families.
MENTIONED IN THIS ARTICLE
Washington
Department of Housing and Urban Development
Norman V. Watson
HUD
Watson
Congress
Hortense Gable
New York
New York City
The
Treasury