Public housing is a form of tenure in which the property is usually occupied by a local or state government authority. At the same time, it is also the most affordable accommodation for the poor, the elderly, and the disabled.
According to Home Guides SF Gate, there are currently more than 1.2 million households living in public housing units, which are managed by more than 3,000 different housing agencies.
Advantages and disadvantages of public housing
1) Rental price below market value
Advantages: Provides affordable and affordable accommodation for the elderly, low-wage workers, including the disabled.
Disadvantages: Low rents can have a negative impact on the community, as more people can afford to live in such housing, they pay less for rent and less tax revenue.
2) Maintaining security and property
Advantages: Residents of public housing receive a number of benefits, such as child protection, government cleaning and property protection, and safety measures such as 24-hour security.
Disadvantages: These measures do not reduce the high crime rate. The report by the Institute for Housing Policy and Public Safety also found evidence of social consequences, such as declining quality of education, rising rates of drug-related crime and negative health outcomes. Violence and lack of privacy due to overcrowded conditions are also a concern.
3) Land and resource use
Advantages: Public housing makes the use of land and town resources more economical and has a positive effect on community work. The construction of public housing in a particular area is of great benefit to the local construction and maintenance industry, increasing employment opportunities and income in the area.
Disadvantages: Chances of loss or decline in land prices.