Unabashed Truth about AFFH, Protecting Property Rights and Local Government Authority
It’s not what the headline purports, the mayor’s main objection is that each unit would cost $240,000 and only 10 percent of the apartments would be reserved for low-income residents. Houston Mayor Opposes Housing Authority’s Plan For ‘Mixed Income’ Complex In Galleria Area www.houstonpublicmedia.org AL ORTIZ, AUGUST 4, 2016 The apartment complex planned by the Houston Continue Reading
Introduction by Smith Young “:)” See WSJ article below and related WSJ article , click The Carving Out of the Urban Middle Class and use buttons to see demographic changes in median household income for 1970, 1990, and 2014. The changes are amazing showing three examples of U.S. cities where concentrated wealth has risen next to Continue Reading
If you don’t own property, you are property and a pawn in HUD’s AFFH chess game. HUD has not been part of any solution. WSJ – Homeowner Rate at Record Low The U.S. homeownership rate fell to 62.9% By JEFFREY SPARSHOTT July 29, 2016 The U.S. homeownership rate fell to the lowest level in Continue Reading
To shore up city support [a plan for 6,500 new employees in Menlo Park, CA], Facebook earlier this month made an unusual pledge for a tech company. It would build at least 1,500 units of housing, meant not specifically for Facebook employees, but for the general public. WSJ – Facebook’s Answer to Silicon Valley Housing Continue Reading
Introduction by Smith Young “:)” Without HUD interference municipalities are showing some flexibility to get more units that are affordable to people. San Francisco’s legislation is unusual in that it is designed to encourage the creation of units within apartment buildings as well as in single-family houses. WSJ: San Francisco’s New Housing: Nooks and Crannies Grappling with Continue Reading
Introduction by Smith Young “:)” HUD AFFH mandates that communities accepting grants create opportunities for minorities (ref AFFH for Dummies), but builders say many of the new federal government requirements are well-meaning, but added up they translate to higher costs that are passed on to prospective purchasers. Builders have also focused more on the move-up Continue Reading
Haven’t seen it published yet, but we have it from reliable sources that Trump was presented the facts about AFFH and the history of Westchester County, NY in a meeting and he said he would put an end it.
Introduction by Smith Young “:) “Is accepting free federal money to become a thing of the past? On Tuesday, June 28, 2016 the Colorado Douglas County Board of Commissioners voted and made a landmark decision to decline 2016 HUD CDBG grants! On the same day Lora Thomas won the Republican primary to replace the open Continue Reading