It is a good news bad news situation that Microsoft has started to invest significantly in affordable housing in the Seattle area. The good news is that a responsible corporation is stepping up to the plate to address a huge problem in their community. (This of course, is a problem they largely created). The bad news is that this funding only represents the tip of the iceberg and is an attempt to alleviate the federal government of its’ responsibilities. When markets don’t work the feds need to step up. In fact, housing investments by the federal government are fewer than in the 1970s.
Written by Paul Dribin