During the Reagan years, the feds pulled back from the housing support they had
given. Subsequent congresses have done more of the ame. Where once there was a
$40,000 subsidy/unit to make building for the lowest income levels, there is now
virtually nothing to subsidize with. I think the whole thing requires federal
subsidy for the building of low income housing. Too, all those buildings built
with federal subsidy had a 20-year limit on the subsidized units. Once the 20
years was up, many of those buildings returned to market rates. All that plays
into the mess we now have.
WMarks, Central
Richard Chandler wrote:
> I seem to have found that button that makes big chunks of the list stand up
> and all agree with each other that roads are bad. I only see roads as a way
> to support a robust economy and nothing more. I do not want Minneapolis to
> become the sunken center of an economic atoll. So let's go forward and find
> way to be productive about this.
>
> Explain to me:
> 1) Where Minneapolis is going to get the resources to address the current
> housing shortage?
> 2) Where the jobs (and I mean jobs you can support yourself on) are going to
> come from? I prefer them in the neighborhoods, not downtown.
>
> Peter McLaughlin touched on the need for transportation when he compared our
> LRT project with the Erie canal. An economy will only grow when people and
> things can be moved.
>
> Rich Chandler - Ward 9
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