Should Fannie and Freddie Fund Housing for the Poor?
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Developer Nora Lichtash wants to turn a weed-covered lot in Philadelphia’s working-class Port Richmond neighborhood into a block of rental homes affordable to families making less than $20,000 a year.
After three years of cobbling together loans and subsidies, Lichtash’s nonprofit group is still short of financing. She could try to tap a special federal fund meant to help provide housing for the poor -- if there were any money in the account.