Never in the history of human kind have so many, made so much from the
people in the name of the poor. And yet it still continues.
----- Original Message -----
Sent: Thursday, April 03, 2003 4:57
PM
Subject: [Mpls] Affordable housing
-budget Crisis-no kidding!
Everyone agrees that the West Bank needs more
homeownership, we have less than 10% owner occupancy, with the majority
of the residents living at or below the poverty level. We all
support more homeownership, but it is coming at a very high price to the
taxpayers.
The City of Minneapolis is planning to "forgive"
a 1.8 million dollar loan made to the West Bank Community Development
Corporation and it's various "acronyms" when (and if) they can manage to sell
19 units-some single family and some duplexes to the long suffering
occupants. The owners (WBCDC, and other "partners" in cahoots
with the non-profit- too numerous to keep track of), paid little or nothing
for these homes over 20 years ago. Now they get to keep the profit on
the sales, enjoy appreciation on an asset they never paid for, get the lots
for less than 7,000 (currently owner by the City of Minneapolis) and we wonder
why we have to lay-off police and fire personnel.
Please let the City Council and Mayor Rybak know
that sometimes we have to say 'enough already' to the non-profits living off
of the taxpayers and the poor.
Barbara Murray
homeowner
Riverside Park/West
Bank
