The White House is giving $45 billion to developers to convert empty office buildings into affordable housing
- Thread starter #BOTHSIDES
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The opposite of this
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OperationNumbNutts
Superstar
Bingo.
ORDER_66
I am The Wrench in all your plans....
The US Projects
nah they planned this in NYC with those corporate buildings that got emptied out because of covid those buildings gonna bring in tons of money if developers can pull this off..
Buddy
FAIA (Foundational African In America) 😤
Ya'll can't displace the rats like that without a replacementnah they planned this in NYC with those corporate buildings that got emptied out because of covid those buildings gonna bring in tons of money if developers can pull this off..
Whiskers, Nibbles & Associates are probably drafting the lawsuit as we speak
the cac mamba
Banned
good. the middle class is fukked out here, office buildings into housing should be aimed at 30 year olds trying to buy condos
ORDER_66
I am The Wrench in all your plans....
Ya'll can't displace the rats like that without a replacement
gonna need extra strength rat killer...
damn the announcement just came out and you already got a conspiracy for it
how does this factor into your other conspiracy about Biden making time earth spin faster?
OperationNumbNutts
Superstar
I can see this going to downtowns across the country that's going through gentrification. So I guess the reason developers were slow on this topic is because they were waiting on funds from the feds. 
Here's info if anyone cares to read it.
www.whitehouse.gov
Here's info if anyone cares to read it.
FACT SHEET: Biden-Harris Administration Takes Action to Create More Affordable Housing by Converting Commercial Properties to Residential Use | The White House
New resources will encourage zero emissions conversions and transit-oriented development that increase housing supply and cut climate pollution Today, the
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Affordable Housing: Affordable housing is generally defined as housing on which the occupant is paying no more than 30 percent of gross income for housing costs, including utilities.
Reference: www.hud.gov
OperationNumbNutts
Superstar
If I'm not mistaking, affordable housing is usually dictated by the state and local government. This isn't a new process and we seen this happen during gentrifications. Real Estate developers getting low interest loans and tax incentives to build homes in the name of affordable housing. The trick is actually how long those new homes are classified as affordable.
High rise public housing doesn’t work
NYCHA and Chicago Housing authority already proved this
there are other ways to attempt these things that what has been done in the past.
someone is just going to get rich off of this and be a shytty landlord.
To get on affordable housing in my area a family of three have to make a max combined income of no more than around $37,000.
Which basically means if you don't work at Popeyes you don't qualify. They should revist the income criteria so it would cover more of the middle class cause this ain't doing nothing for folks stuck in the 40k 50k 60k range how are getting fukked paying rent and can't afford a mortgage
Which basically means if you don't work at Popeyes you don't qualify. They should revist the income criteria so it would cover more of the middle class cause this ain't doing nothing for folks stuck in the 40k 50k 60k range how are getting fukked paying rent and can't afford a mortgage
#BOTHSIDES
Superstar
Doesn’t work if it’s full of poor ppl. Mixed income housing is better