Phil was on WTAG talking about some of the good work the CDC's do. In particular CDC (not sure which one) new construction housing that sold with to employees of UMass, who received down payment assistance from their employer. I am 100% in agreement with Councilor Palmieri!!! These are good projects, promote home ownership and help stabilize neighborhoods. In fact I would even call this work force housing.
Problem is many of the recent projects are not like this:
- May Street- 100% rental to low mod income
- Piedmont Street--100% rentals to low mod income
- City Builders-100% rental to low mod income
- Hadley: 90% rentals to low mod income
- 90 Grand Street-I believe this will be 100% low mod income
High density, rental units that cost on average over 300,000 per unit with either 100% or close to it requirements for low mod income do nothing to improve our neighborhoods.
2 comments:
Sorry, but I like details when dealing with politicians.
EXACTLY How many units were sold and where (Street name[s]) and approx. when?
And we haven't we learned our lesson selling to folks who cannot come up with a down payment on their own. Basically these new owners have little or possibly no skin in the game.
Folks who might be interestred in how W. Bolylston does NO LO housing should avail themselves of a camera and take a ride out Rte 12 passed the reservior and at the lights keep right and got onto Rte 110. About a 1/4 mile on the left turn into the subdivision of low income housing that was built in the 1990's.
Please note the lack of Paulie Pajama People during your W. Boylston NO LO fest.
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