HUD to Allow Private Investment in Senior Housing Portfolio

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Without more money from Congress, HUD senior housing operators turn to investors

Aug. 1, 2019 12:55 pm ET

The U.S. Department of Housing and Urban Development is close to finalizing a major reform of its extensive senior housing portfolio, allowing nonprofit owners of 125,000 apartments to tap private sources of financing for the first time. HUD built nearly 2,900 of these properties over the past three decades. Though owned by nonprofits, the federal government funded their construction and subsidized tenant rents.

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Privatization of public housing is wrong!

If you can levy my paycheck for student loans why wouldn’t there be a referral for housing which is the necessity of the two?!?

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