By creating ownership, you are giving moderate income residents a financial stake in their neighborhoods, so they benefit from the improvement rather than be hurt by it.
"Shaun L. S. Donovan" is an American government administrator and housing specialist who serves as the Office of Management and Budget/Director of the Office of Management and Budget. Donovan is also the former United States Secretary of Housing and Urban Development, serving from 2009 to 2014. Prior to this he headed the New York City Department of Housing Preservation and Development. On December 13, 2008, in his weekly national radio address, President-elect Barack Obama announced that he would appoint Donovan to his cabinet. He was confirmed by the United States Senate/U.S. Senate through unanimous consent on January 22, 2009 and sworn-in on January 26. On July 28, 2014 he was succeeded as Secretary by Julian Castro, former List of mayors of San Antonio/Mayor of San Antonio. On July 10, 2014 he was confirmed to be the next Office of Management and Budget/Director of the Office of Management and Budget. He was ceremoniously sworn in by Vice President Joe Biden on August 5, 2014.
More Shaun Donovan on Wikipedia.The city will not tolerate residents living in inhuman conditions.
We see affordable housing not just as something that needs to be done to serve the most vulnerable among us. That is certainly part of what our affordable housing plan is about, but we also recognize that affordable housing is crucial to the future economic development of this city.
What's really different here is that we are changing the rules. We're saying the developer who wins is the one with the most affordability.
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