How thousands of affordable homes in Philly are threatened by expiring government subsidies

Tenants in 69 units at the University City Townhomes are being forced to relocate after the building owner ended its federal contract to provide affordable housing on site. The company, IBID Associates, plans to sell the land.

This kind of time-limited public private partnership is how most affordable housing in America is provided. In traditional public housing, government entities own the property and provide generous enough subsidies to house even the poorest residents. But In the 1960s, policymakers began experimenting with providing affordable housing through public-private partnerships with expiring subsidies.

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