A Comparative Analysis of Two Community Housing Development Organizations in St. Louis, Missouri
A radical transition in the 1980's saw government assistance for developers of new or substantially rehabilitated inner city housing give way to programs which focused mainly on tenant and rental assistance. The competition for scarcer development dollars became so intense that nonprofit developers soon found their models of project financing obsolete when compared to those of for-profit developers vying for the same funds. This thesis examines the effects of this shift in policy on two nonprofit developers in St. Louis, Missouri. The results show how one agency was stagnated by these forced changes, while another flourished by adopting new standards and practices of project financing.
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