The main issue with governmental aid, every time, is invariably funding. Anything is possible so long as you have the means to do it. To fund one program, there are only two options: raise taxes or cut funding elsewhere. Obviously no one likes either option. As in the New York Daily News article, the NYCHA is floundering due to lack of funds. I was interested to see that NYC government doesn’t contribute as much as the federal government, especially since the program – as far as I’m aware – caters specifically to the NYC area. And as I’m not really aware of the NYC budget, I can’t say whether or not their contribution is too little or a good allotment of the funds.

I couldn’t read the entire WSJ article, but the headline may be going in the right direction. If the government can’t support a program, aid from the private sector is definitely a viable option. It may not be one that people like as much, but it’s better than killing the program indefinitely.

What is your opinion of private sector funding and development on housing? Do you think that the NYC government should commit more funds to NYCHA? What services do you think they should cut to do so, or what alternative method would you suggest to fund the program?