Apologies! I forgot to sign the previous post. One supplemental thought:
Becky Yanisch warned us in 1998 that there is an inexorable gap between cost
of production and ability to pay that amounts to about $7,000 per unit. The
headscratching begins when one thinks about how to close that gap at the
point of production and then how to sustain the built environment over time.
HUD is cutting back on modernization dollars, so even Minneapolis' existing
MPHA inventory, albeit improved by $75 million in modernization contracts in
recent years, is in long-term jeopardy.
Fred Markus, Horn Terrace, Ward Ten
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