Advertisements

The St Louis Contrarian

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

Archive for the category “new housing”

Gentrification?

Professor Todd Swanstrom wrote a wonderful article that I read in Urban Observatory. In that article he very intelligently took apart much of the misinformation in St. Louis. Advocates have decried any effort at city development that does not specifically address poor people. They complain that gentrification is moving poor people out of the central corridor and the Tower Grove area. Professor Swanstrom points out the data does not support this assumption. True gentrification requires a substantial increase in housing costs that drive out poor people. This is not happening in St. Louis. The contrary problem has taken place; depopulation of many areas of the city.

You would think we would welcome development with open arms. Oh well!

Advertisements

Can Affordable Housing Development Lead to Gentrification

nyti.ms/2OOexgN

An interesting article from the Times. A New York City neighborhood builds more mixed income housing in an effort to increase affordable housing. Some neighborhood residents complain they will be pushed out. There do not seem to be any good answers. Written by Paul Dribin

Trump administration doing nothing to increase affordable housing

nyti.ms/2K3DFN3

an excellent article from New York Times

A Good Article Defending McKee

A good article from River City Ramblings with which I agree. https://stlpolitical.blog/2018/06/26/why-paul-mckee-has-unfairly-become-a-scapegoat-for-the-city-of-st-louis

McKee Fight Heats Up

Big time north side developer Paul McKee has faced many difficulties in trying to develop his north side project. The city development agency has attempted to pull the plug on him. Now he and his attorneys are counter suing, stating that the city did not live up to its agreement. Looks like a long and expensive battle. Written by Paul Dribin

A New Structure for Housing Finance

www.washingtonpost.com/opinions/congress-needs-to-come-up-with-a-permanent-fix-for-its-temporary-housing-finance-takeover/2018/06/24/fc28921a-636d-11e8-a768-ed043e33f1dc_story.html

An editorial from the Washington Post. It is interesting that responsibility for affordable housing will be placed in a revamped FHA.

St. Louis County Affordable Housing Trust Fund

Planning is underway to bring to the voters of St. Louis County a plan to fund an Affordable Housing Trust Fund. This is great news. Such a fund is greatly needed. Better yet, the effort is being led by Chris Krehmeyer, head of Beyond Housing and a great guy and terrific leader. The only downside is the unpopularity of County Executive Stenger who has endorsed the plan. Written by Paul Dribin

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

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/

Post Navigation