[Hpn] Fwd: A Million New Homes!

Coalition on Homelessness, SF coh@sfo.com
Thu, 27 Jul 2000 23:24:04 -0700

>Date: Wed, 26 Jul 2000 18:46:12 -0700
>To: coh@sfo.com
>From: "Coalition on Homelessness, SF" <coh@sfo.com>
>Subject: A Million New Homes!
>wm@videoactivism.org, Homewardnews@geocities.com, 
>gnn@grassrootsnews.org, sfzcoutreach@yahoo.com, 
>homelessworld@blazingstar.org, NHhomeless@egroups.com, 
>dwellej@aol.com, poormag@sirius.com, editor@sfbayview.com, 
>spirit@afsc.org, malin.speace@situationstockholm.se, 
>steve@unite-to-fight.org, rggoudy@pathlink.com, vandu@vcn.bc.ca, 
>A Million New Homes!
>The U.S. Department of Housing and Urban Development (HUD) recently 
>released a report entitled "Waiting In Vain: America's Housing 
>Crisis." It "revealed" what most U.S. renters, especially the 
>working poor, could have told them for free: our housing crisis is 
>nationwide, and housing affordable to low-income people nearly 
>Never mind that the crisis is hardly accidental. Many local and 
>state governments have eliminated or weakened rent control. Public 
>housing demolitions have eliminated over 23,000 housing units 
>nationally. The expiration of HUD Section 8 contracts threatens 2.1 
>million homes. Lack of a housing safety net for those most in need 
>pushes everyone's rents up by eliminating supply and increasing 
>competition for scarce resources. In cities flooded with the 
>"dot.com" money these decisions spell eviction.
>Hoping to counteract nearly a decade of cuts in U.S. housing 
>spending, the National Coalition for the Homeless (NCH) has proposed 
>an innovative solution - the Community Housing Investment Trust 
>(CHIT). This legislation will create and subsidize one million units 
>of housing that is affordable to families and individuals whose 
>annual incomes are less than $10,700 per year. Current federal 
>housing programs primarily aid households whose incomes are between 
>$20,000 to $60,000 per year.
>Nationally, there are at least 11.3 million households with incomes 
>of less than $10,000. Personal-based Section 8 vouchers are useless 
>in every area where demand for housing is high and vacancy rates are 
>low. Landlords usually take the opportunity to rent to 
>higher-income, non-subsidized tenants.
>This federal resource pool allows local communities to develop, 
>acquire, rehabilitate or subsidize housing units. This means that 
>cities can meet the specific needs of their area CHIT would be 
>funded from the interest from existing federal bonds, meaning that 
>no one's taxes will be increased automatically. Individual taxpayers 
>would be able to make contributions to CHIT by checking off a box on 
>their income taxes. The legislation also provides for matching funds 
>from private institutions maximizing the $50 billion federal 
>Housing shortages are nothing new in San Francisco, or in any market 
>economy. At the end of World War II, returning service people faced 
>a severe housing crisis that even the New Deal had failed to address 
>completely. The International Longshoreman and Warehouse Union led 
>actions - including office occupations and work stoppages - to force 
>federal representatives to build new affordable housing. Their 
>accomplishments include many of the same housing programs that are 
>being dismantled by Democrats and Republicans today.
>This campaign is an important step in the fight for housing and 
>other crucial social needs. Although homelessness is a complicated 
>problem, its leading remedy should be embarrassingly simple: more 
>housing. New housing can also create jobs and further social 
>To endorse the Community Housing Investment Trust and get active in 
>the campaign please contact James Tracy, Coalition on Homelessness 
>Housing Workgroup (415) 346-3740.

Coalition on Homelessness, San Francisco
468 Turk St.
San Francisco, CA 94102
vox: (415) 346.3740
Fax: (415) 775.5639