Roger, I disagree. I recommend a NO vote.
The Peary Court purchase is not part of a comprehensive housing plan. In fact The City has NO comprehensive plan to deal with this issue. This is simply a knee jerk reaction to a single option. If there was a comprehensive plan there would be many other options on the table that create more affordable units, for less money and at truly affordable rents. For the same $55 million the city could easily build twice as many units at a lower cost which in turn could rent at truly affordable rates.
Additionally, if the City had a comprehensive plan we would not be watching current affordable housing units disappear to redevelopment projects.
Finally, Peary Court is NOT AFFORDABLE HOUSING. At the planned rental rates it does not come close to meeting the definition.
Roger, I disagree. I recommend a NO vote.
The Peary Court purchase is not part of a comprehensive housing plan. In fact The City has NO comprehensive plan to deal with this issue. This is simply a knee jerk reaction to a single option. If there was a comprehensive plan there would be many other options on the table that create more affordable units, for less money and at truly affordable rents. For the same $55 million the city could easily build twice as many units at a lower cost which in turn could rent at truly affordable rates.
Additionally, if the City had a comprehensive plan we would not be watching current affordable housing units disappear to redevelopment projects.
Finally, Peary Court is NOT AFFORDABLE HOUSING. At the planned rental rates it does not come close to meeting the definition.