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A private community is a residential community that can be an association or a proprietary organization. Associations can include condominiums , homeowner associations or cooperatives . [ 1 ]
Market housing refers to housing that is bought and sold on the open market, with prices and rents determined by supply and demand. This type of housing is typically owned by private individuals or corporations, and the rental rates are determined by the landlord based on the local market conditions.
A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community) is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents.
Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
Private property in the means of production is the central element of capitalism criticized by socialists. In Marxist literature, private property refers to a social relationship in which the property owner takes possession of anything that another person or group produces with that property and capitalism depends on private property. [19]
Private subsidy was coupled with an underinvestment in public housing, and large projects such as Cabrini–Green in Chicago and Pruitt–Igoe in St. Louis became notorious for their squalor. The amount of public housing crested in the 1990s, with about 1.4 million units. Today, the number of units has been reduced to 1.0 million. [28]
A housing estate in Camden Town, London, with two blocks of flats visible A modern housing estate in Gdańsk, Poland. A housing estate (or sometimes housing complex, housing development, subdivision or community) is a group of homes and other buildings built together as a single development. The exact form may vary from country to country.
The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [11])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
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