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Lake Worth celebrates opening of live/work lofts. Well, hey, we just might as well celebrate something.
Read about the Urban Lofts grand opening Friday @ 10am, built by the CRA with NSP2 grant funds. The
CRA is selling the twelve, 3,000 square foot townhouses to those
artists whose credit score is 550 or better and not making more than 120
percent of the area median income for Palm Beach County of $73,080 for a
family of two in a neighborhood already filled with families of the
working poor. Originally CRA Director, Joan Oliva, said that the price on these
3,000 s.f. units with garage will range from $90,000 to $110,000. I heard that someone bought there for $134,000. Perhaps all of the above numbers changed by the time they were finally built.
As I recall, the lofts were going to cost between $4.5 and $5 million to build. Divide that by 12. Ain't America wonderful?
6 comments:
We can complain about all the substandard housing in especially the Western part of the city and when someone takes the initiative and long range vision to make things better, we complain about that too.
The CRA was able to jump start the long range process of redevelopment along our main East/West arteries with the completion of these innovative loft style residences. They have architectural diversity and we already see artists at work in them.
If not for the CRA building these, we would still have slum houses and vacant lots there. Way to go CRA!!
"You can lead a person to knowledge but you can't make them think."
Thats nice and all, but who wants to live right smack in the middle of little Guatemala and take a chance of a stray bullet coming from Lucerne and D St. while barbecuing outside!
Way to go CRA - REALLY?
New Speak: Discrimination
and Zoning are the same!
"But one critic says it smacks of utopian idealism."
"This is just the latest of a series of attempts by HUD to social engineer the American people," said Ed Pinto, of the American Enterprise Institute. "It started with public housing and urban renewal, which failed spectacularly back in the 50's and 60's. They tried it again in the 90's when they wanted to transform house finance, do away with down payments, and the result was millions of foreclosures and financial collapse.”
http://www.foxnews.com/politics/2013/08/08/obama-administration-using-housing-department-to-compel-diversity-in/
Anyone who supports the CRA and government hand-outs supports socialism. What a bunch of political phonies we have in LW.
How many have sold? Anyone know? Even supposed poor people don't want them or can't afford them or aren't getting enough government subsidies to live there. What? No free mortgages? How sad. We might end up like Detroit one of these days. :) It's not really funny.
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