Monday, April 1, 2019

The new affordable housing initiative, "just a touch misleading."

Bob Mendes
by Councilman Bob Mendes - A lot of people are asking me what I think about the Mayor’s newly announced affordable housing plan. His press release is here. And his office has set up a web site that basically says the same thing. If you made me boil it down to a single thought, it would be: “There are parts of the plan I think I might like…doesn’t sound like anything is going to happen before FY21…let’s talk then.”

... The numbers in the press release are cleverly phrased, or generously characterized, or possibly just a touch misleading. The $500 million in the press release counts about $350 million that the city was probably going to spend anyway. ...  people need to not buy into the idea that this plan commits a half a billion dollars in new spending. ... But, by the time we get to a future budget season where this plan will require spending, I’ll want to understand whether MDHA would build the majority of these units anyway without Metro money, or if the Envision projects are a pipe dream without Metro dollars. (link)

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