Why did the Pruitt-Igoe housing project fail?
Although federal funding supported Pruitt-Igoe’s construction, the project’s maintenance and operations were unsubsidized. Because Pruitt-Igoe’s upkeep depended entirely on rent from the project’s low-income tenants, excessive vacancies would imperil its financial and physical condition.
What is Pruitt-Igoe now?
Ponce Health Sciences University recently announced an $80 million investment to develop a new medical campus on the former Pruitt Igoe site. Historically, the Pruitt Igoe complex was meant to provide new, improved public housing for a community struggling with overcrowding in the 1950’s.
Who owns the Pruitt Igoe site?
20th and Cass LLC
The site is owned by 20th and Cass LLC, tied to McKee’s companies, which exercised an option with the city to purchase the site in 2016. The site was the location of the troubled Pruitt-Igoe public housing complex, which was demolished in the 1970s.
How much did Pruitt-Igoe cost?
Despite federal cost-cutting regulations, Pruitt–Igoe initially cost $36 million, 60% above the national average for public housing.
Where was Pruitt Igoe located?
St Louis, Missouri
The Pruitt-Igoe Housing Project was located in the predominantly African American and economically depressed Desoto-Carr neighborhood just north-west of downtown St Louis, Missouri.
What did the Housing Act of 1949 do?
The Housing Act of 1949 was passed to help address the decline of urban housing following the exodus to the suburbs. The legislation provided governance over how federal financial resources would shape the growth of American cities.
What law enabled the construction of Pruitt Igoe?
The design, drawn up when Missouri law still mandated the segregation of public facilities, originally designated the Pruitt half of the complex (named after second world war fighter pilot Wendell O Pruitt) for black residents only, and the Igoe half (after former US Congressman William L Igoe) as white only.
Is the FHA still around today?
FHA loans—mortgages insured by the Federal Housing Administration and issued by an FHA-approved lender—are still in existence today.
Is the National Housing Act of 1934 still in effect today?
Today, the FHA continues to work to improve housing standards and conditions, provide adequate home financing through mortgage loans, and to stabilize the mortgage market. The FHA is part of the Department of Housing and Urban Development and is the only government agency that is completely self-funded.