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I read recently in a history book on my local town how the origin of this word came to be. After World War II, the returning soldiers (who left as boys & returned as young men) wanted to get married, have children (hence the baby boomers) and have a house of their own. However, up until this time the economy was tanked due to the great depression, and house construction pretty much was at a stand-still due to the massive amount of men who were away at war. When they returned, there was a HUGE demand for housing, and so housing authorities were formed to figure out ways to supply houses for them. So, initially, these houses were meant as low income houses for veterans. Eventually as the veterans moved away, we ended up with what today is low income housing. The word "Projects" actually came from the housing authorities, as the first set was referred to as "The Project"
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