This is a correction and an additional comment to my previous post - re: sec 8 subsidy vs. non-profit developer subsidy. The tenant pays 30% of their income for rent and the remaining 70% is paid by "subsidy" from the Gov't, for the tenant to the landlord.
Subsidies to some non-profits for housing/development, in my limited experience are a problem because the developer is out to make a maximum profit rather than use the money wisely, i.e.: as if it was their own money. Some non-profit developers are using their "good works" mission as a way to enrich themselves. It may be legal, but it is not right. I have found after 14+ years of section 8 management and living in a neighborhood that is mostly subsidized sec. 8 and section 42, that many fees are charged and paid by the "various agencies of government" that a private owner would consider a part of their "job" as an owner/manager. The management fees are high enough to cover what should be a part of doing business. Private owners know this. If the non-profit folks would get a conscience and realize the money they are spending is yours and mine, it would go a lot further. Barbara Murray Riverside Park 46% Poverty 10% homestead Thanks to Urban Renewal TEMPORARY REMINDER: 1. Don't feed the troll! Ignore obvious flame-bait. 2. If you don't like what's being discussed here, don't complain - change the subject (Mpls-specific, of course.) ________________________________ 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
