Where did they get the idea that there is an OVER-abundance of multi-family affordable housing?? I've repeatedly been told that 20,000 additional units will be needed by 2010 to fill the potential need, and that affordable rental housing is one of 'the' priorities among council members with regard to housing production in the city.
I imagine NRP is just responding to the fact that MCDA will no longer be providing mortgage/first time buyer or home improvement funding any longer.
Currently calls to MCDA regarding mortgages and rehab loans are being routed to the MHFA.
Jill Harmon
Cleveland
From: "gemgram" <[EMAIL PROTECTED]>
To: "Susan Maricle" <[EMAIL PROTECTED]>,"Mpls Forum" <[EMAIL PROTECTED]>
Subject: Re: [Mpls] Some possible explanations. 'LITE' is just less filling!
Date: Thu, 27 Mar 2003 13:32:15 -0600
Since we are talking boondoggle, lets look at a possible City one. The NRP Policy Board, realizing that there is an over abundance of Multi-family affordable housing units, votes to hold aside 2 million out of 14 million earmarked for "affordable housing". They planned to use it to increase affordable homeownership as a complimentary housing solution. What happened? The Mayor and the City Council outraged because this may take funding from political cronies, veto it before the plan is even brought to them. Since they did not have a proposal before them exactly what did they veto?
Like the tile, exactly who is being paid off? I am not saying that someone
necessarily took a bribe, (a Minneapolis Council Member wouldn't take bribes
would they?). I am saying that somebody is being greased by something, or
would the politicians prefer that we think they are just stupid? The
overabundance of such housing is now considered to be "Un-Healthy". When
vacancy rates are between 3 and 7% it is considered "healthy". The vacancy
rate has now topped 7% with a couple of thousand more units of such housing
presently under construction. It took years to get the politicians
attention when there was a shortage, and now after they have made their
"Deals" it doesn't seem they care to stop.
It shows the Mayor and Council may not be as interested in addressing
housing needs for poor people as they are in giving huge amounts of money to
their buddies. The Mayor and Council would rather "subsidize" $60, 000.00 to
$90,000.00 per rental unit, (that there is an overabundance of), than to
assist or allow a poor person to buy a home. Something smells here and
"BOONDOGGLE" is written all over it. Before spending more tax payer dollars
I think the "Powers" need to prove the shortage and need. It is a matter of
trust. I for one do not trust them, so they "got" to show us. In poker it
is said to be "Calling". Well they have been called, lets see if they are
"holding" or just four-flushing!
We need to look at a lot of politicians in a very hard way at this time. We need a little more walk and a little less talk. We need a little more substance and a lot less fluff. 'Lite' politics are indeed less filling
Jim Graham, Ventura Village
Old Thomas, the father of the Democratic Party, said it correctly over two hundred years ago:
>"The people are the only sure reliance for the preservation of our liberty.
>We must not let our rulers load us with perpetual debt."
- Thomas Jefferson
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