The White House is giving $45 billion to developers to convert empty office buildings into affordable housing

[yung Herbie Hancock]

Watch CACs embezzle the money and watch not a cent of that money go towards homeless black men

 

[#BOTHSIDES]

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.

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

www.whitehouse.gov

Thanks

 

[CopiousX]

fukk giving it to developers

it needs to be run by the government

Projects 2.0

 

[Paper Boi]

Projects 2.0


The real solution is to just give the money directly to the people with housing insecurity. They are more than capable of housing themselves

the problem isn't they "aren't capable of housing themselves" the problem is the landlords and developers are literally the reason for a lack of affordable housing

private landlords and developers also cannot be trusted to properly run buildings anymore, they will literally do the bare minimum and know that people don't have a choice if they want a place to rest their head at night.


affordable housing in todays economy doesn't just mean people who are dead broke, it means people who are making mid 5 figures at this point. they need to have options that aren't run my slumlords and developers only in the game to make money.

housing needs to be a right, not a business and way for rich people to grow their wealth even more.


also we need to try having these things run federally, not by local/state housing authorities.

 

[the cac mamba]

housing needs to be a right

what does this even mean? everyone has a right to what kind of house, exactly?

 

[bnew]

High rise public housing doesn’t work

NYCHA and Chicago Housing authority already proved this

emulate the policy implementation that worked.

This is what happens when you have a government that cares about it's people.

 

[Robo Squirrel]

They clearly didn’t learn from PPP, this needs to be handled by a well resourced division of HUD. These developers and congressman are gonna fleece this thing for all it’s worth.

This.

 

[ORDER_66]

Watch CACs embezzle the money and watch not a cent of that money go towards homeless black men

Or specifically what they'll do is have a lottery designed to bring in a certain middle class group of workers and have the building marked with mixed apartments with the higher floors designed as condos for wealthier clientele'...

 

[Elim Garak]

Lol I remember during the height of the pandemic thecoli was calling for this policy now they don't like it.

 

[Artificial Intelligence]

I heard dj envy promoting this sounds legit

 

[Dafunkdoc_Unlimited]

That contract going to their white developer buddies... aint gonna be no bidding on that shyt..

That ain't how it works. The funds are disbursed via HUD. HUD will get bids from developers and contractors to do the work and EVERY penny must be accounted for via audits. There's a whole mechanism in-place already for this type of thing.​

 

[Dafunkdoc_Unlimited]

Watch CACs embezzle the money and watch not a cent of that money go towards homeless black men

It isn't supposed to go to homeless Black men. It goes to developers/contractors who are audited by State and Local Government monitors through HUD.​

 

[Chrishaune]

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

If you haven't noticed, they don't want to fix that...