Review Mortgage Lenders

Acorn Housing Corp

ACORN Housing -- Katherine Conway Russell

The Harm to Affordable Housing

Construction fence surrounds the decaying Church of the Redeemer in Flatbush, one of Brooklyn’s many gentrifying neighborhoods. The congregation has provided the land to the nonprofit Mutual Housing Association of New York to create an oasis of 75 affordable apartments. Rents will start at $935 a month, and will be guaranteed affordable for 30 years. The church, meanwhile, will build itself a new home, tapping $5 million from selling construction rights to the housing group.

The key subsidy making this deal possible is the Low-Income Housing Tax Credit, a better-than-nothing gimmick that helps the poor by rewarding the rich. Over the past three decades, LIHTC—pronounced lie-tek to people in the business—has helped finance more than two million affordable apartments, or about double the number of remaining traditional public housing units produced in its heyday from the 1930s to the 1970s. In this case, Bank of America will supply most of the $20 million to finance construction of the Flatbush apartments, because the law allows the bank to use this credit to reduce its corporate taxes by one dollar for every dollar it provides to a developer of low-income housing.

New senior housing apartment complex set to open next week

During a site tour last week.

Rojany purchased the property about two years ago from Agoura Hills resident Michael Roletti and Porter Ranch-based developer Ibrahim Family Enterprises, Hammer said.

As part of the handicap-accessible requirements, Rojany said, each building has two staircases and one oversized elevator, bathtubs and walk-in showers with grab bars, and two peepholes in every front door so that a tenant in a wheelchair can see out.

Judy Pepiot, the senior housing liaison for the Simi Valley Council on Aging, said Mountain View is the “first upscale market-rate senior complex, complete with . . . features to support aging-in-place.” But, she said, more needs to be done citywide to meet the increasing needs of an aging population.

“ Any additional age- restricted units, either rental or for sale, help whittle away at a huge backlog of waiting lists of seniors looking to find appropriate lifestyle housing to help them remain independent as their physical and monetary needs change with the aging process,” she said.

Obama Gives New Grant to ACORN; Did He Violate Federal Law?

Why is President Obama apparently defying federal law by funding ACORN?

Judicial Watch discovered that the Obama administration is flouting the will of Congress by giving federal taxpayer money to ACORN.

spectator.


Your question should read: "Did he violate ANOTHER federal law?", and the answer is a resounding YES!

He has broken several, and thinks that he does not have to follow the law.