In a message dated 10/4/00 8:21:55 AM, [EMAIL PROTECTED] writes:
<<
There is no affordable housing component to these projects for several
reasons. Prime among these is that the city's Affordable Housing Policy
relates to rental housing. That is, all rental projects assisted by the MCDA
shall have at least 20% of the units be affordable. Since these are all
ownership units, the policy does not apply. >>
I appreciate Keith responding to the inquiries of the poster questioning why
there are not affordable housing units included in many of the new
developments along the river even though they are subsidized with tax pay $
going to very expensive housing. Keith points out that the City's recently
adopted affordable housing policy only requires that 20% of city assisted
rental units are affordable.
This answer points to a couple of things: one, even though the policy does
not require that homeownership units assisted by the city include affordable
units there is no reason why the city could not have asked for some
affordable units in light of our tax $ going into these projects; and two it
seems only appropriate and prudent given our affordable housing crisis that
we amend the current policy to include city assisted, tax payer subsidized
home ownership units.
Tom Streitz
Kingfield
