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The U.S. Department of Housing and Urban Development is close to finalizing a major reform of its extensive senior housing portfolio, allowing nonprofit owners of 125,000 apartments to tap private sources of financing for the first time.
HUD built nearly 2,900 of these properties over the past three decades. Though owned by nonprofits, the federal government funded their construction and subsidized tenant rents.
— Wall Street Journal
The nation's recent crop of senior housing projects could see much-needed improvements come to reality as the United States Department of Housing and Urban Development (HUD) loosens rules dictating where nonprofit building owners can draw funds from to make building repairs. Tom Davis... View full entry
Hours after an immense fire consumed the National Museum in Rio de Janeiro, a crowd of protestors gathered in front of the wrecked institution on last night (3 September) to protest the financial neglect that led to its demise. The 200-year-old historical building lacked an efficient sprinkler system—a result of years of incremental budget cuts by the Brazilian government—and was quickly gutted when the blaze erupted shortly after the museum closed to visitors on Sunday (2 September). — theartnewspaper.com
Current Brazilian president Michel Temer and former president Rousseff are being blamed for a failure to properly maintain the National Museum in Rio De Janeiro after a consuming fire broke out 3 days ago. In the aftermath of the flames the museum's facade has mostly survived, yet aerial shots... View full entry
To shift our focus from innovation to maintenance would also create an opportunity for greater political consensus. Maintenance is an area of public policy where conservatives and progressives should see eye to eye. — The NY Times
As Andrew Russell and Lee Vinseljuly of NY Times point out, officials in federal, state and local government do not allocate the resources necessary for preventive maintenance. The authors argue that American conception of technology is narrow and immature—obsessing over gadgets and... View full entry
