Posted on 04/13/2024 5:17:30 AM PDT by AbolishCSEU
The state is awarding just over $15 million in bonds and subsidies for a project that will create 78 affordable homes in Ontario County.
Sunlight Lane Apartments in Geneva will be for low-and-moderate low-income households. The net-zero development will be fully electric and feature rooftop solar panels.
The financing is allocated through the New York State Homes and Community Renewal program.
Quick math tells me that’s about $200K per unit. That’s not enough to pay the graft, let alone build the darn things.
“tiny” homes?
Rooftop solar panels?
In WNY?
What idiots. You need sunlight for solar panels to work.
Government only rewards its failures. So this is a great project.
Tiny minds.
They are expecting their newcomers to bring the sunshine with them on the bus trip from Texas. AOC is sponsoring legislation to attach special solar sunshine storage trailers, which the Biden admin will have Border Concierge Service hand out with a bottle of water and a voter registration form.
Imagine going about your government job knowing failure is someone elses fault and points out the need for more funding, expectations are virtually zero besides staying in your lane and not producing any document or interview that says anything but word salad, and that every problem you create is an opportunity to grow government and steal greater amounts from the citizens??
Yep Solar Panels in this area is a laugh!! More of our hard earn money wasted!!!!!
Geneva is a beautiful little town with a rich history from the canal days. It will be ruined by the illegals.
No, the “State” is NOT funding this construction, WE ARE! Get it right, Finger Lakes News!
LOL, how many of those apartments will be quickly trashed and utterly destroyed?
A similar project in my city, near a beautiful family park with a nice playground, soccer and little league fields, picnic tables, etc., was just canceled. Thank God.
That park would have been taken over by gangs and druggies quickly driving the kids and families out.
Hochul is sending out threatening letters to all these small towns and cities that are considered rural areas that they’d better build Cabrini Greens in their locality.
they already built a similar project here in Geneva NY called “solar village” and it has gone bankrupt within 3-5 years. Supposedly “market rate.”
I am waiting for the first airplane crash switch a full load of passengers due to pilots being blinded by solar panels-—everywhere.
LAX already has that problem. Has had for years.
Fortunately in this case, these debacles are about 40 minutes away from the nearest good sized airport (between Rochester and Syracuse NY)
Oh, we are getting this in California as well - ALL cities are required to build “affordable housing” - a lot of it. Tens of thousands of apartment units - even though California has lost 500,000 people since 2019 that are not being replaced.
Several cities, such as Huntinton Beach, which is built out - are filing lawsuits against this mandate. Newsom’s response? “See you in court and you will lose!”
He’s such an arrogant bastard - he exempted several cities from his low-income apartment mandates, in Marin county, where he’s from and I’m sure where his big donors live as well. You can bet he will move to Montana when he’s termed out - where he vacations with his kids.
Good luck funding your idiot projects Newsom, like high speed rail, when your tax base has fled to Texas and Florida and the state is filled with illegals and welfare parasites.
LOL, I remember when the Disney Center was built in the downtown LA area - the outside of the building is all shiny metal - not only causing a heat problem on our many hot days - but blinding people on the road and in nearby condos.
Had to be sanded down so it wasn’t as reflective.
True….. but the 15mil is a subsidy…. It doesn’t say what total project cost is. Another fine example of “journalism “
The federally subsidized rent industry also refers to apartments as homes.
The subsidy is rarely more than 50% if private investors are involved.
If the builders are a non-profit, then they might get close to 100% funding.
$200K would be in the private investor ball park for a one or two person studio or apartment in an affluent area like the Finger Lakes.
The financing and construction sound like Low Income Housing Tax Credits (LIHTC) and tax free bonds.
All of the federal money is allocated and distributed by state agencies, and every unit (or home) has a years long wait list, which makes me instantly suspect that bribes and favoritism are common.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.