Composed by Smith Young “:)” Following are two opposing views on the insidious effect of subsidies and non-market based policies, first is the biased reporting from 1) Report on the Distribution of Low Income Housing Tax Credits in the New York City Region, and 2) unbiased empirical analysis by NYU’s Furman Center for Real Estate and Continue Reading
A a targeted HUD locality should take action to decline future federal HUD subsidies. This will set some elected officials on their heels, but the reason is that the subsidies will be used as blackmail to make us hostages for compromising our zoning laws; county and city municipalities, when HUD begins imposing their demands for Continue Reading
The new AFFH rule that HUD is now executing, as of July 19, 2015: Move low income housing to the suburbs Use HUD subsidies (block grants) as blackmail against over 1,200 targeted U.S. localities (Douglas County is targeted) Override local zoning laws and planning commission actions Leverage the threat of legal expenses Coordinate with federal Continue Reading