Lawmakers Lose Their Way Over Affordable Housing

ByRural Neighborhoods

This past week our legislators slashed $190M in affordable housing construction. Just as essential elected officials broke faith with working people, investors and other governments as it violated signed loan commitments previously agreed. Such rash, unthinking action results in the loss of $1B in construction expenditures, a thousand jobs and the risk of bankruptcy to charitable and for-profit firms alike.

Read the article Editorial:  Lawmakers Lose Their Way Over Affordable Housing

Share

Similar Posts

  • Case Study: Rural Neighborhoods

    National public accounting firm Cohn Reznick Group profiles Rural Neighborhoods in a short video. Tom Neibaur, Director of Operations says, “We can put up the bricks and mortar, that’s the easy part. We could never have mastered the finance and accounting intricacies of our project without Cohn Reznick Group’s help.” Please click on the full…

  • Stimulus Saves Farmworker Deal

    Without the stimulus funding, the project “would have died on the vine,” says Kevin Tatreau, director of multifamily development for Florida Housing Finance Corporation.  “Stimulus allowed for less than 60% AMI, says Steven Kirk, President of Rural Neighborhoods. “We try to get as many units set aside for extremely low income so farmworkers can take…

  • Mariachis Help Open New Park

    Miami-Dade Parks kicked off the opening of its newest addition Saturday with mariachis, Mexican food and a hot-air balloon – all while fighting off rain and mosquitoes. But the dreary day did not stop residents from enjoying the celebration. “We came to see the opening,” said Vanessa Godinez, 12, who went with her family. Read…

  • Home Truths

    The new housing complex, developed by the Everglades Community Association (ECA), a nonprofit agency that maintains both the Royal Colonial and the Andrew Center, is being paid for with $41.2 million in grants and loans from the U.S. Department of Agriculture’s Rural Housing Service; additionally, the We Will Rebuild Foundation, a private nonprofit group founded…