The Gradual Decline of the Autonomous Institute for Public Housing; ---- The Autonomous Institutes for Public Housing (IACP) were founded in 1903 as public housing agencies with the aim of providing affordable housing. After the war, they continued to serve this purpose, providing housing to the homeless. But a turning point came in 1996: given the fact that many families were choosing to buy their own homes, the political decision was made to further incentivize the private market. The decision was made to eliminate company contributions, from the 0.35% paid by workers (moving it elsewhere on the paycheck) to the share paid by the company (already reduced to 0.35%) in December 1998; in the same ...
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