Not all commissioners are qualified

Article Abstract:

Most commissioners of public housing authorities and agencies do not possess the necessary knowledge about public housing, its programs and its operations. This has resulted to several problems in public housing nationwide. To remedy the state of things, local governments, with the consent of the commissioners, appoint executive directors. However, this does not guarantee that commissioners will effectively perform their duties. The fact remains that authority commissioners must continue their education on housing matters. Only then can the required balance between the commissioner and executive directors be achieved. In an effort to improve the situation, state governments already demand that commissioners attend training sessions. Incentives for administrators who expand their learning and state-mandated commissioner certification examinations are recommended to encourage these officials to cultivate their abilities.

Training, Public officers, Government officials, Housing authorities

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Pension funds: an affordable housing resource

Article Abstract:

Investment of pension funds in affordable housing programs would not only generate significant returns for participants and provide them with long-term financial stability, but it may also help the housing industry recover from the poor economic state it is in. Presently, there are more than 45,000 pension funds with assets valued at around $2.9 trillion, but most of them are invested in high-end commercial development. Only a small percentage of these funds are invested in housing and real estate. This lack of interest in housing investments may be due to the passing of the Employee Retirement Income Security Act of 1974 (ERISA) which restricts the management abilities of pension fund managers. It is time to remove such restrictions, considering that the federal government and the banks, the traditional sources of home finance, are themselves unable to meet housing needs.

Real estate agents and managers, Investments, Real estate industry, Pension funds, Retirees

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