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The St Louis Contrarian

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

Archive for the category “new 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/

University City Development

www.bizjournals.com/stlouis/news/2018/05/29/university-city-development-proposal-mirrors.html

A very thoughtful article in the Business journal about the proposed development at 170 and Olive in University City. This is a big project and many homeowners could be displaced. They would receive just economic benefit but the overall cost to them and the community is large. Written by Paul Dribin

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

Missouri River Bluffs

Whittaker Development is planning on building single family homes on an environmentally sensitive site over looking the Missouri River near the Katy Trail. The St. Charles County Commissioners need to vote on the proposal which is opposed by environmental groups. I would recommend voting against this project. We don’t often have these environmentally beautiful sites and need to preserve them. 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.

Ben Carson and Fair Housing Laws

nyti.ms/2IfjBuW

An editorial from New York Times

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

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