Southwest Journal online article has some interesting comments from County Commissioner Gail Dorfman, Cynthia Lee from the MCDA multifamily housing development sector, former CM Steve Minn and others about some of the reasons for high development costs and apparent high $$$ subsidies for affordable rental housing at 30%-50% MMI built in Minneapolis.
http://www.swjournal.com/display/inn_news/news01.txt Affordable housing at $158,828 a pop By Robyn Repya "Why does it cost six figures to subsidize one affordable-housing unit? High land and construction costs, low rent and, some say, too little private money. Others say the price is well worth it in the long run." Jeffrey L. Strand Shingle Creek TEMPORARY REMINDER: 1. Send all posts in plain-text format. 2. Cut as much of the post you're responding to as possible. ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Unsubscribe, Digest, and more: http://e-democracy.org/mpls
