Posted on 08/16/2009 9:01:49 AM PDT by joinedafterattack
WASHINGTON - The Obama administration, in a major shift on housing policy, is abandoning George W. Bush’s vision of creating an “ownership society’’ and instead plans to pump $4.25 billion of economic stimulus money into creating tens of thousands of federally subsidized rental units in American cities.
The idea is to pay for the construction of low-rise rental apartment buildings and town houses, as well as the purchase of foreclosed homes that can be refurbished and rented to low- and moderate-income families at affordable rates.
(Excerpt) Read more at boston.com ...
Was this what the housing crisis caused by the Dems was all about? Make it so the taxpaying home owners lost their homes...and take the homes over, rent them at low cost to the nontaxpaying public. Quite a plan, if you ask me.
you are on the wrong forum, the DU is the communist, left wing, let them eat cake forum.
Some previously nice suburbs have some “ghetto” sections due to the Section 8 housing being located there.
Yep maybe “there goes the neighborhood”. There are empty and foreclosed homes in nice suburbs. So we’re going to “renovate” detached suburban homes into multi-family housing? Or rent these homes at below market rates to Section 8 people?
Since Section 8 and public housing are already major programs, do we really need another major government intervention to provide more housing for poor people?
Why is this even being discussed now. What happened to health care as the issue of the day?
Exactly.
Actually, I would get the government out of a lot more than just housing.
With practically everything that the Federal Government touches--ranging from college tuition to housing to transportation--the Federal Government is notorious for destroying the quality and quantity of goods and services delivered and dramatically increasing costs and thus prices, relative to the "normal" pull and push of market forces like supply and demand. Simply put, to paraphrase Reagan, the nine worst words in the English language are almost always "I'm from the Government, and I'm here to help."
Sounds like the Obamabots and Acorn squatters discovered property taxes.
Sheesh. It’s LBJ.
It’s not only cats and dogs. Human beings have been known to urinate in these places too. The stench of the human waste is also strong in these places.
Please report back to us after the house next to yours is converted to Section 8 housing.
Goal: Destroy white suburbs. Leave no place left for people to flee to.
More communism
in decades gone by, these were called simply the “projects”
Obama's "community organizing" left Chicago neighborhoods in ruins.
Grim proving ground for Obama's housing policy"About 99 of the units are vacant, many rendered uninhabitable by unfixed problems, such as collapsed roofs and fire damage. Mice scamper through the halls. Battered mailboxes hang open. Sewage backs up into kitchen sinks. In 2006, federal inspectors graded the condition of the complex an 11 on a 100-point scale - a score so bad the buildings now face demolition."
That's what we need on a national scale! /s
Just what this country needs, more drug infested slums.
How utterly ridiculous.
I think what this news means is that somone figured out that we presently have a serious housing surplus, so building more houses will be wasteful.
Surprising to see commonsense taking hold in any part of the Obama regime, but stranger things have happened.
You all recall when Ronaldus Magnus' HUD people discovered that we could get "more bang for the buck" by renting existing housing for qualifying elderly or poor people than by building new public housing units?
You do recall that, right? This is Ronnie's own plan!
How far do you want to carry this ~ I'm game!
You do realize that government built housing projects set the rules for tenants. One of the first is "no firearms." Do you really want millions more Americans living under the Marxist thumb of the FedGov? Indoctrinating more Americans to accept a nanny-state and the loss of liberties that goes with it?
That wouldn't surprise me in the least.
Me too. I've been worried about this since the stimulus bill. This scares me far more than the 'Health Care Reform' issue.
There are communities all over the USA where there's all sorts of empty standing foreclosed property that's essentially owned by the Federal government.
They don't even need to build high rise housing projects of the 1970s, rather merely move Section 8 renters into these distressed properties. Overnight, suburbia will have one or two 'families' on each street that came straight out of the ghetto. Chain link fences, bars on the windows, pit bulls, subsonic bass car stereo systems, graffiti, and unemployed young men sitting on the porch drinking and waiting for you to go off to work while you drive away in the morning holding your stainless steel commuter cup full of coffee.
'Leave It To Beaver' meets 'Boyz N Tha Hood' with a stroke of Obama's pen. They'll probably move them in from hundreds or thousands of miles away under some Federal 'Fresh Views 2010' program designed to 'relieve urban crowding in disadvantaged communities'.
This is like having former NYC mayor David Dinkins for President.
The government wants a proletariat, and home ownership threatens that. For a combination of philosophical, environmental, and population-control reasons, liberals now want to suppress the building of single-family homes in favor of high-density apartments and town-houses. They will make it difficult or impossible to develop land that’s already developed. They want us to be a nation of rootless, childless or one-child renters, utterly dependent upon the government for every need. Europe is their model. Last year, Paul Krugman was pushing this idea, I’ve seen it touted in Harpers and the Atlantic Monthly, and for mer King County Executive Ron Sims - now an official in the Obama admin - said as much in a lecture last year. In the Seattle area, everywhere you look, they’re tearing down houses and replacing them with high-density.
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