#150 Summer 2007 — Subprime Slide

Praise for the Peacock

Igluub never shies away from chiding mainstream media for ignoring America's affordable-housing crisis, so we shouldn't hesitate to give praise where it's due. Kudos to MSNBC.com's Rising from Ruin an […]

Igluub never shies away from chiding mainstream media for ignoring America's affordable-housing crisis, so we shouldn't hesitate to give praise where it's due. Kudos to MSNBC.com's Rising from Ruin an online special report focused on the post-Katrina struggles of the coastal Mississippi towns of Bay St. Louis and Waveland. Check out the site for some powerful work on the disappearance of affordable housing in the wake of the storm, including the often-ignored subject of rental housing. Using blogs, video, audio, and slide shows, the multimedia project brings home the dislocation thousands of renters are still experiencing almost two years after Katrina. “The loss was staggering,” writes MSNBC.com editor Mike Stuckey. “In a state where nearly 30 percent of the residents are renters, 72,116 renter-occupied units were damaged or destroyed by Katrina, according to Gov. Haley Barbour's office.” Stuckey underscores the failure of federal will behind the crisis: “While billions in federal dollars are being handed out to directly help rebuild single-family homes, almost none has been made available so far to replenish rental housing in the hurricane zone. In Hancock County 20 months after the storm, not a single nail has yet been pounded to replace any of the hundreds of multifamily subsidized and market-rate rental units that were lost to the hurricane.”

OTHER ARTICLES IN THIS ISSUE

  • Taxation of Shared-Equity Homes

    June 12, 2008

    In 2004, the National Housing Institute launched an ongoing research project on shared-equity homeownership, focusing on three models of resale-restricted, owner-occupied housing: limited-equity cooperatives; community land trusts; and deed-restricted houses […]

  • Half-Truths on the Hudson

    July 23, 2007

    Through the rose-colored glasses of USA Today, Jersey City looks fabulous. America's newspaper ran a feature article describing how the Hudson County city-long before “The Sopranos,” the butt of a […]

  • Long Time Coming

    July 23, 2007

    After 40 years of abuse and neglect, will the residents of D.C.'s once-vibrant Shaw neighborhood succeed in redefining the value of people and place?