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The St Louis Contrarian

Providing Independent and Intelligent Insight on St. Louis Public Policy Issues

Archive for the category “affordable housing”

Missouri State Tax Credits

www.stltoday.com/business/local/incoming-missouri-governor-has-far-different-view-from-greitens-on/article_6df0ca15-a9e4-58b2-b22a-25b040c44d73.html

The ouster of Greitens may improve the chances of reinstating Missouri credits. Jeff Smith, Executive Director of MOWAHA is quoted in the article saying the credits are efficient and effective. They are neither. Written by Paul Dribin

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The Latest on Missouri Low Income Housing Tax Credits

The Missouri legislature has voted to not reinstate the credits. This means that affordable housing deals in Missouri will be more difficult to do. This is a classic case of killing the goose who lay the golden eggs. The greed of developers and their assorted hangers on caused this to happen. The people being harmed are poor people.

The governance of MHDC the funding agency must be changed to reform the system. Having high level elected officials on the board simply creates a climate of graft. What also is necessary should be a straight forward funding criteria which awards projects on the basis of merit, not who you know. In any case the existing system is rotten and needs to be changed. Written by Paul Dribin

The Not-So Hidden Truths About the Segregation of America’s Housing – Shelterforce

There are sometimes audible gasps in a room as Richard Rothstein talks about his book, The Color of Law, and the United States government’s work to create, encourage, and enforce racial segregation in housing in the 20th century.

Excellent interview with richard rothstein about housing segregation
— Read on shelterforce.org/2018/05/22/the-not-so-hidden-truths-about-the-segregation-of-americas-housing/

Status of Housing Reform

nlihc.org/article/senate-committee-holds-hearing-need-housing-finance-reform

Mel Watt testified before Congress on FNMA, Freddie Mac reform. The most significant part of his testimony concerned the lack of overall housing and especially affordable units. He stated that construction has not kept pace with demand and that most new construction was at the high end of the spectrum. This has a great effect on the St. Louis region and the rest of the country. Written by Paul Dribin

Housing for Homeless Veterans

www.stltoday.com/news/local/metro/homeless-veterans-get-a-new-start-at-north-county-apartment/article_4de041f7-6770-5b59-84ec-9d4baf8f1418.html

Article about facility in north county for homeless vets

TIF In University City

NOVUS Development had been approved by University City to develop a mixed use commercial site at the intersection of Olive and I-170. This is an ethnically diverse area with lots of small businesses and minority residences. Community leaders are calling for a Community Benefits Agreement which would establish clear objectives to benefit everyone in the community especially those that might be displaced by the development. I believe this is only fair and proper in such a situation. I am confident this development will be a win-win. Written by Paul Dribin

More McKee Stuff

www.stltoday.com/business/local/after-mckee-revelations-can-city-hall-and-the-developer-work/article_3de8a615-bd0d-5a01-a5a2-29dfca791a27.html

A good article from Post about latest in McKee developments in north St. Louis. It sure appears his empire is a house of cards ready to fall.

The Syrian Refugees Escaped War, Only to Land in One of St. Louis’ Toughest Neighborhoods | Feature | St. Louis News and Events | Riverfront Times

At the dinner to benefit Syrian refugees, there aren’t enough seats for the Syrians. The room at the Boo Cat Club is packed, and Jessica…
— Read on www.riverfronttimes.com/stlouis/syrian-refugees-escaped-war-only-to-land-in-one-of-st-louis-toughest-neighborhoods/Content

A decent article. Syrian refugees left horrific conditions and were relocated here in St. Louis in a neighborhood which is also horrific, unsafe, bad housing. Written by Paul Dribin

Paul McKee

Those of you in the St. Louis area are well familiar with Mr. McKee, a long time developer who is attempting to transform the north side of St. Louis though massive development efforts. He owns hundreds of properties and has a bold vision for development. Many community based folks have been suspicious of him.

It turns out these suspicions seem warranted. The St. Louis Business Journal reported that McKee had inflated sales prices of his properties to increase his receipt of state tax credits. This is of course fraud.

I am actually disappointed. I knew Paul fairly well at one time and considered him a true visionary whose heart was in the right place. With me he was always generous with his time and was always very accessible. I like to think I am a good judge of character, but in this case I was fooled. Written by Paul Dribin

St. Louis county houing trust fund

www.communitybuildersstl.org/index.php/dismantling-the-divide-st-louis-county-needs-an-affordable-housing-trust-fund/

a very eloquent article by chris Krehmeyer leader of Beyond Houding on the need for a fund such as that provided by the city. It

IT would be an important step forward in the path to improved affordable housing

Written by Paul Dribin

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