I don’t see any sense in rebuilding these horrible units. There needs to be sufficient funding to build new
Being priced out of appreciating neighborhoods is not the housing affordability problem most Americans face. But they are facing one.
— Read on shelterforce.org/2019/02/19/whose-affordable-housing-crisis/
This article is spot on. He makes two key points I have been promoting; the ineffectiveness of the LIHTC program, and the need for a cash assistance program for housing. In addition he makes the point that St. Louis is not rapidly gentrifying. Written by Paul Dribin
I was a big believer in him and have always like him. A big part of his problem is that he played city politics poorly
As you may know, there has been a collaborative formed to address the huge vacancy problem in St. Louis. Various task forces are meeting and I participate in two of them. Most of the people at the meetings appear to be community activists with a smattering of developers.
The discussions have generally been good but rather general in nature. We do not seem to want to address the key problems which I see as:
1. Outmoded methods of management and sales by LRA.
2. The higher cost of doing business in St. Louis.
3. Historical preservation
5. The overall oversupply of housing and undersupply of population in the region.
6. The unwillingness of the group to accept demolition.
Written by Paul Dribin
The Paul McKee effort on the north side of St. Louis appears to be going nowhere. I have been a fan of Mr. McKee and was impressed with his work at Winghaven in St. Charles County. I still believe him to be a sincere person.
The project he tried to undertake in St. Louis may have been too big for anyone to handle and he faced obstacles of community and political resistance. He certainly made his share of mistakes, especially in not engaging the community in a better manner. Nevertheless, he has not lived up to his commitment, has rehabbed almost no houses, and has needed the Geospatial Project buying out his properties to save him. Too bad. Written by Paul Dribin
At the suggestion of Todd Swanstrom, I read a book by his colleague titled Housing Dynamics in Northeast Ohio by Thomas E. Bier. The book written about the Cleveland area is also applicable to St. Louis and many other cities.
The argument in the book backed by data is that vacancies occur when there is an oversupply of housing in the region. This oversupply of housing occurs because developers are looking to profit by building more housing, and land is cheaper in the suburbs. The author points out that when there is an oversupply the oldest, most worn out housing loses all market desirability and becomes vacant. The problem is made worse because developers can more economically build in the suburbs and the infrastructure in the suburbs is stronger.
This plays out when we look at the north side of St. Louis. There will only be a turnaround if the city figures out how to streamline its development requirements, crime is controlled, and schools turn around. In addition a marketing campaign to young people around the company would help. We could offer free housing and lots of land. Written by Paul Dribin
Local activists are missing the boat as usual. They complain about any effort on the part of the city to support middle income and upper income development. The city has too little of this population. Any efforts to improve the lives of poor people also requires middle class people to migrate into the city. Efforts to only help poor people are short sighted. Written by Paul Dribin