-----Original Message-----
From:   [EMAIL PROTECTED] [SMTP:[EMAIL PROTECTED]]
Sent:   Wednesday, December 04, 2002 10:34 PM
To:     [EMAIL PROTECTED]; [EMAIL PROTECTED]
Subject:        [Mpls] .. The UNIMAGINABLE/RT BS (builder subsidies, for Non 
Profiteers)

 Keith------   Dear RT, Welcome to City Hall. Since the policies and prizes 
are being 
passed before Jan. 2, I wish to ask you a question about affordable housing 
initiatives you are formulating. Which people from the private sector, small 
businessmen called landlord, have you selected and appointed to this 
affordable housing roundtable so far? I have a fear that all nonprofit and no 
bottom line experience means spending more money with less thought. Our tax 
money is short, let the idea list grow long. Thank you.
   Keith Reitman    Near North

[Mel]  
----------------------------------------------------------------------------------------------------------------------------
 
Keith is correct, private affordable housing providers have not been included 
even though he promised to include us.... Keith is also correct about the city 
spending money unwisely and with less thought....Subsidizing non-profit political 
connected developers to build 50 to 70 thousand dollar apartments for $120,000 to 
$255,000 dollars per apartment is an unwise use of the cities scarce resources.
If you don't believe me, Please read Ron Feldman's  (Fed Economist) report
"The Affordable Housing Shortage: Considering the Problem, causes and Solutions."  
Click on  http://woodrow.mpls.frb.fed.us./pubs/bsdpapers/housing.cfm

Peace 
Mel Gregerson
Whittier
--------------------------------------------------------------------------------------------------------------------------------------------

Ron Feldman's    
Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy
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