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Hull House, Chicago. Settlement and community houses in the United States were a vital part of the settlement movement, a progressive social movement that began in the mid-19th century in London with the intention of improving the quality of life in poor urban areas through education initiatives, food and shelter provisions, and assimilation and naturalization assistance.
The Housing and Urban Development Act of 1965 (Pub. L. 89–117, 79 Stat. 451) is a major revision to federal housing policy in the United States which instituted several major expansions in federal housing programs. The United States Congress passed and President Lyndon B. Johnson signed the legislation on August 10, 1965. [1] Johnson called ...
In the 19th century, housing development in the United States was characterized by rapid urban growth in economically productive places. [12] Throughout the 20th century, however, a number of regulations that were designed to block in-fill and direct greenfield development took hold, such as exclusionary zoning .
This history suggests that it's time for the federal government to follow the lead of local and state housing activists and create programs that recognize housing is a right not a commodity.
Nationalization may produce other effects, such as reducing competition in the marketplace, which in turn reduces incentives to innovation and maintains high prices. In the short run, nationalization can provide a larger revenue stream for government but may cause that industry to falter depending on the motivations of the nationalizing party. [9]
Housing in the United States comes in a variety of forms and tenures. The rate of homeownership in the United States, as measured by the fraction of units that are owner-occupied, was 64% as of 2017. [1] Housing in the United States is heavily commodified, and when viewed as an economic sector, contributes to 15% of the gross domestic product. [2]
The term "affordable housing" refers to housing that is considered economically accessible for individuals and families whose household income falls at or below the Area Median Income (AMI), as evaluated by either national or local government authorities through an officially recognized housing affordability index. [3]
Nationalization: Nationalization is a similar process to municipalization but shifts ownership and operational control towards the government at a national or federal level. There is often an assumed tradeoff between the promised equality under nationalization and the promised efficiency of privatization.