on 12/3/03 11:10 AM, [EMAIL PROTECTED] at [EMAIL PROTECTED] wrote: > I was not asking for links to web sites regarding Tom L's post on affordable > housing. > I was asking for Tom to define what he meant by affordable housing when he > talked of it in his post. > and when he said that most of the numeric goals have been meant-- does that > include the counting of shelter beds in that numeric goal?
Don't want to speak for Tom but perhaps this would help: In our story on the shelter-beds-as-affordable-housing, all the projects counted as built or preserved (completed in the first three quarters of 2003) were listed as affordable at 30 percent of Metro Median Income or 50 percent of MMI (except for one, Ascension Place, listed as transitional housing). The count is something like this: 212 units of actual housing: 77 at 50% MMI and 103 at 30% MMI, plus 32 transitional housing 306 shelter beds 518 total Bottom line: excluding shelter beds, the city's standard appears to be no more than 50 percent MMI � far below the 80 percentMMI others have criticized � with a majority this year at 30 percent MMI. This is not to short-circuit the debate on whether enough units are being built/preserved, just what the standard is when they are. Looking down the road, the city lists other projects that will create or preserve 1,161 beds. 623 of those units are "preserved" by the city providing up to $20 million in housing revenue bonds so nonprofit Seward Towers Corp can refinance debt and use the savings to improve the building. You can argue whether the city should get credit for more than half its future count (623 of 1,161 beds) from building improvements, but that's how it's done currently. David Brauer Kingfield Editor, Skyway News and Southwest Journal REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
