November 21, 2012

CDC rents

There is common misconception that CDC's rent apartments well below market rents.  I am not saying they should not get whatever rent the market bears.

Here are the facts check for yourself


Affordable housing is not synonmous with below market rents.   It only means the renter meets certain income guidelines so that the developer does not have to pay back the grant monies that were given to build or rehab the project.

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