But it does not have to. Public housing does not have to coexist with high poverty and crime, and complementary currency systems may be one way to address that. Let’s go back in time to Saint Louis.
The failure of the Pruitt-Igoe project was due to a number of factors, one of the most prominent of which was maintenance costs:
Construction of the buildings was federally funded, but their upkeep relied on tenant rent. The amount was not enough, which caused the buildings to fall into disrepair. With time, this caused the tenants who could afford to leave to do so. Those who remained were the poorest, most disenfranchised. The social and economic rift deepened.
But what if the community had a time-banking a system whereby maintenance could be provided through tradable service tokens? One hour of painting = one of gardening = one of child or elderly care.
What if these tokens could also be traded for public transportation fare? Or to pay for an hour of career counseling or skill-based training?