20 Eylül 2012 Perşembe

CDC's

Harry I was going to write something but then changed my mind. What I was going to say, is that I drove by these new houses built by Main South CDC on Hammond and Kilby Street all the time...

They are very nice but I can't help think to myself:

  • probably cost 300+ to build each one
  • even at a hugely subsidized cost say at 129K, they will not sell

Meanwhile there are empty bank foreclosed multi families throughout the neighborhood.  Imagine if they took that same money and used it to help a home-owner buy the bank foreclosed property, while requiring them to move in?   

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