Comments on: Floating a fair housing bond http://futureoaklandblog.com/2007/10/floating-a-fair-housing-bond/ Sat, 28 Apr 2012 20:45:34 +0000 hourly 1 By: Ryan http://futureoaklandblog.com/2007/10/floating-a-fair-housing-bond/#comment-284 Ryan Mon, 12 Nov 2007 22:56:51 +0000 http://futureoakland.wordpress.com/2007/10/31/floating-a-fair-housing-bond/#comment-284 I see. What you're talking about is not unlike the investment the city made in Uptown, where is effectively pumped money into the project by helping finance infrastructure improvements and environmental cleanup (can't remember if that's all the city funded), and the result is 700 units of rental housing. In the early days of the city's decision to support the project, there was grumbling the site could have been conveyed to condo developers, who would have needed less subsidy (if any). But based on the rental threshold for affordability you discussed in your other post (~$1800 per month) it could very well be a large block of affordable housing. I see. What you’re talking about is not unlike the investment the city made in Uptown, where is effectively pumped money into the project by helping finance infrastructure improvements and environmental cleanup (can’t remember if that’s all the city funded), and the result is 700 units of rental housing.

In the early days of the city’s decision to support the project, there was grumbling the site could have been conveyed to condo developers, who would have needed less subsidy (if any). But based on the rental threshold for affordability you discussed in your other post (~$1800 per month) it could very well be a large block of affordable housing.

]]> By: dto510 http://futureoaklandblog.com/2007/10/floating-a-fair-housing-bond/#comment-283 dto510 Mon, 12 Nov 2007 18:07:56 +0000 http://futureoakland.wordpress.com/2007/10/31/floating-a-fair-housing-bond/#comment-283 The bond shouldn't be used for operating subsidies, but land purchases would be a good use of the funds. I said that <i>land</i> could be conveyed to developers, not the money. Because non-profit developers are now completely wedded to the BMR model, they are no longer offering much of value to Oakland. The city should figure out how to direct money to the needy, not people making $90k/yr. The bond shouldn’t be used for operating subsidies, but land purchases would be a good use of the funds. I said that land could be conveyed to developers, not the money. Because non-profit developers are now completely wedded to the BMR model, they are no longer offering much of value to Oakland. The city should figure out how to direct money to the needy, not people making $90k/yr.

]]> By: Ryan http://futureoaklandblog.com/2007/10/floating-a-fair-housing-bond/#comment-282 Ryan Mon, 12 Nov 2007 05:43:26 +0000 http://futureoakland.wordpress.com/2007/10/31/floating-a-fair-housing-bond/#comment-282 You imply in the last paragraph that you don't want a housing bond "subsidizing non-profit developers instead of helping the poor." But then earlier you say the money from a housing bond "could then be conveyed to affordable or market-rate developers." So do you support directing some housing bond money to nonprofit affordable housing developers? And if so, what did you mean when you said you did not want to "subsidize" nonprofit developers, in your last paragraph? Do you mean excessive funding for nonprofit developers or something? You imply in the last paragraph that you don’t want a housing bond “subsidizing non-profit developers instead of helping the poor.” But then earlier you say the money from a housing bond “could then be conveyed to affordable or market-rate developers.”

So do you support directing some housing bond money to nonprofit affordable housing developers? And if so, what did you mean when you said you did not want to “subsidize” nonprofit developers, in your last paragraph? Do you mean excessive funding for nonprofit developers or something?

]]> By: Affordable housing trust fund - a dedicated revenue stream | A Better Oakland http://futureoaklandblog.com/2007/10/floating-a-fair-housing-bond/#comment-281 Affordable housing trust fund - a dedicated revenue stream | A Better Oakland Wed, 31 Oct 2007 22:11:27 +0000 http://futureoakland.wordpress.com/2007/10/31/floating-a-fair-housing-bond/#comment-281 [...] dto510 discusses the idea of floating a bond to fund affordable housing and rehabilitation. A bond is a good idea, and we should do it. But we [...] [...] dto510 discusses the idea of floating a bond to fund affordable housing and rehabilitation. A bond is a good idea, and we should do it. But we [...]

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