[Patangeles]

Mayor Bloomberg announced last December a $3 billion program to create 65,000 affordable homes in New York by 2008, the biggest city commitment to new housing in 15 years.

You would think that it would cost no more than $65 million to create 65,000 affordable homes, and even that's a stretch. I wonder if the $3 billion is a typo.

[hellinahandcart]

I wonder if the $3 billion is a typo.

Unfortunately it is not.

The city will probaby have to hire 65,000 bureacrats in order to make sure that the program to build 65,000 affordable homes runs as inefficiently as possible.

[pageonetoo]

" You would think that it would cost no more than $65 million to create 65,000 affordable homes, and even that's a stretch. I wonder if the $3 billion is a typo."

You're kidding, right? In NY, they have UNIONS and MOBSTERS... and the DNC vets all the dole, taking their cut!

[hellinahandcart]

Besides, you're overlooking the obvious. As long as they have a large money-sucking PROGRAM in place, they can spent years playing with themselves deciding how to best provide housing, and doing surveys, and issuing press releases about the problem, and not one single unit ever has to actually be built.