The Miami Herald chronicles how the nation's most ambitious public housing effort in decades has become plagued by corruption and greed.
The paper is publishing a multi-part series on how the Miami-Dade Housing Agency has given millions of dollars to private and non-profit developers, but failed to manage projects to ensure that new affordable housing is built.
"Overall, the Housing Agency pledged more than $87 million to put up 72 developments for the poor, including apartments, houses and complexes for the elderly. The expected payoff: more than 8,300 new homes."
"But about 40 percent of the projects funded between 2003 and 2005 have been canceled. Others are delayed for months, even years. Only 14 projects less than one-fifth of what was pledged have actually been completed."
Some developers that the Housing Agency contracted with stand accused of selling homes earmarked as affordable to real estate investors who turned quick profits.
Thanks to Senen Antonio
FULL STORY: Housing agency is an ATM
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
Seine Pollution Could Hinder Olympic Swim Events
Events like the triathlon could be impacted if tests continue to reveal high levels of dangerous bacteria in Paris’ famous river.
How Financing Restricts the Rental Housing Market
The way apartment buildings are financed has a major impact on supply and costs.
Houston Mayor Pauses Complete Streets Projects
The move raises concerns among road safety advocates who point out that traffic deaths continue to rise.
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