-----Original Message-----
From: mel [SMTP:[EMAIL PROTECTED]]
Sent: Friday, January 04, 1980 1:48 AM
To: '[EMAIL PROTECTED]'
Subject: Vacant housing everywhere, even Uptown
4th quarter housing vacancy numbers came in near 4%.
I believe they would have exceeded 5% if the months of
September and October were excluded.
Vacancies are increasing weekly.
The housing shortage disappeared at the same time
as the government tax surplus disappeared.
5% vacancy is a figure private affordable housing providers fear.
Once 5% is exceeded some things must be postponed.
Government is funding the non-profit sector
to build $50,000 apartments at a cost of $120,000 to $255,000
This waste needs to be stopped at once.
Mel Gregerson CAPS, CAM, CAM, CRM, CRMT
Affordable Housing Provider
South Mpls.
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