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Visit bzzzwax's column >>

BZZZWAX

Articles Posted: 0  Links Seeded: 6
Member Since: 4/2008  Last Seen: 8/27/2011

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NEW OREGON APARTMENTS EXAMPLE OF EXPENSIVE LOW INCOME HOUSING

Seeded on Thu Feb 26, 2009 8:38 PM EST
Read ArticleArticle Source: PR Newswire: press release distribution, targeting, monitoring and marketing
money, housing, politics, waste, government, funding, nonprofit, affordable, supportive
Seeded by bzzzwax
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This is a Housing and Socio- political- economic Issues subject. Please click on READ ARTICLE to see the original news story. Below is my commentary:

A new housing development for low income was opened last year in beaverton oregon. this deserves kudos in itself. BUT, the cost was incredibly high, and it's an example of how nonprofits are not really that much into being nonprofit. the partners costs involved all added up to a cost that is well above the norm for building or rehabbing apartments.
I added up the costs, not including freebies they got, and came up with approximately 23,000,000 bucks total cost or amount of moneys invested according to the article. Then i divided it by number of units. the end result was, $179,000 per unit was the cost to build these apartments. That is steep! you could build small individual houses for that amount each, since no one is supposedly taking any profit.
So this is a prime example of the regional power elites who get together and scoop up big bucks for a good cause, only they don't do it on a modest budget. Many of them get plenty of income out of it too, their salaries and other forms of individual and corporate income definitely get well (over) paid. Shame on them for that, but yay for the cause, at least a few poor people now have affordable housing.

Now my question: how much of this excessive funding is in fact used for the maintenance of the supportive housing program? If some of it were for this use, I would commend that. But I need to know if any of the figures for grants that were given, represent actual supportive services for the developmentally disabled people in part of the housing development. This would be a very justifiable and much needed expenditure, but I don't see any reference to that in any of the articles.

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